OREANDA-NEWS. The Management Committee of OJSC “Gazprom” approved the Investment, Budget and Cost Optimization Draft Programs for 2007.

The Investment Program projected investments for 2007 are identified at RUR 531.78 billion, including RUR 360.56 billion to be earmarked as capital investments and RUR 171.22 billion as long-term financial investments.

According to forecasted parameters of the Investment Program over 2008 to 2009 the total investment volumes will make up RUR 623.73 billion and RUR 702.95 billion, respectively. Capital investments are to be at RUR 521.63 billion and RUR 588.5 billion respectively, long-term financial investments will make up RUR 102.1 billion and RUR 114.45 billion, respectively.

Budget Draft Program for 2007 and forecasted parameters of Gazprom’s 2008 and 2009 Budgets stipulate RUR 2566 trillion, RUR 2561 trillion and RUR 2615 trillion, respectively, being allocated as total income; RUR 2656 trillion, RUR 2689 trillion and RUR 2857 trillion being allocated as liabilities, expenses and investments; RUR 90 billion annually being taken as financial borrowings during 2007-2009.