Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

$23 bln Investment Plan Mulled by Gazpromneft
21.12.2012 23:43
$23 bln Investment Plan Mulled by Gazpromneft
Photo Credit: http://www.newsm.info

According to Aleksey Yankevich,  deputy CEO in charge of economy and finance, the company will splurge out more than $23 billion for investment projects, the bulk of which will be spent on new exploration and development projects and upgrade of existing refineries.

      
The free cash flow is likely to go below zero, with hefty loans expected to be taken out, according to the blueprint which is yet to be adopted by its board of directors dominated by representatives of its main shareholder Gazprom.

      
Among Gazpromneft's targets for 2020 are the $10 billion cash flow, up from current $1.5 billion, an output worth 100 million tons, up from 57.3 million tons, refining capacity increase from 40.5 million tons to 70 million tons.



Author: Mikhail Vesely

Tags: Gazpromneft Russian oil Russian economy Gazprom  

Next Previous


You might also find interesting:

Russian Imports of Dairy Products May Reach a Minimum Level Over the Past 15 Years
28.01.2019
Russian Exports in the Sphere of Services is Growing
17.10.2018
The Russian Ivi Online Cinema has Become Available in the USA, Canada and the UK
20.12.2018
Fines for Delay and Failure to Submit Financial Statements will be Increased
23.12.2018
Video Conferencing will be Used at the Proceedings on Administrative Cases in Russia
03.08.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Exhibitions in Moscow  FC Anzhi Makhachkala  Russian investment companies  Russian Rock Music  Festivals of St. Petersburg  Russian Literature  International space station  Sergey Volkov  St. Petersburg  Russian spacecrafts  Russian law  Komi Republic  Russian beaches  Terrorists  Russian history  Rostech  Moscow  Tula Region  Bashneft  ROSCOSMOS  Russian Cinema  the Republic of Tyva  Gourmet Tours  Kemerovo Region  Siberia  sanctions  Sochi Olympics  Festivals in Moscow  Andrey Makarevich  Mercedes-Benz Fashion Week Russia  Russian economy  Open Data Portal  Maria Sinyakova-Urechina  Russian folk dress  Shows in Moscow   Archaeology  Folk Toys  Kholuy  Russian tourism  Museum Of Modern Art  Russian television  Music Festivals  Soviet Literature  Phobos Soil  LGBT in Russia  Exhibitions in St. Petersburg  Timofey Mozgov  Internet of Things  Vitaly Melnikov  Russian business 


Travel Blogs
Top Traveling Sites