OREANDA-NEWS. December 23, 2008. The Board of Directors took notice of the information on preliminary operating highlights of the Company in 2008, endorsed the draft Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program of Gazprom for 2009.

According to the approved Investment Program for 2009, the total amount of investments will make up RUB 920.44 bln, the amount of capital investments – RUB 699.88 bln, long-term financial investments – RUB 220.56 bln.

The approved Budget for 2009 provides for the total amount of cash income and revenues at RUB 3.72 trln; liabilities, expenditures and investments at RUB 3.8 trln, financial borrowings at RUB 90 bln. The budget surplus will account for RUB 0.5 bln.

The Cost Optimization (Reduction) Program for 2009 provides for the measures aimed at cost optimization (reduction) to result in a cumulative effect of RUB 11.3 bln.