Gazprom to Boost 2011 Spending 59% to $43 Billion, Interfax Says
OAO Gazprom management board agreed today to increase its 2011 capital-spending target to as much as 1.3 trillion rubles ($43 billion), Interfax reported, citing unidentified person at the Russian natural gas producer.
The plan for this year’s spending target was raised from 816 billion rubles to a range of 1.2 trillion rubles to 1.3 trillion rubles, the Moscow-based newswire said. The decision has yet to be approved by Gazprom’s director board, Interfax said.
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