OREANDA-NEWS. The Management Committee heard a report on the Gazprom preliminary operating highlights over 2007, and the Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program Projections through 2009-2010.

The meeting underscored that the Investment Program, Budget and Cost Optimization (Reduction) Program in 2007 are anticipated to be executed strictly in line with the preset targets.

The Management Committee took as a basis the Draft Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program Projections through 2009-2010 and tasked to complete the Draft Investment Program and Budget (Financial Plan) for 2008 and addressed the issues falling under the authority of the Gazprom Board of Directors.