Acasă » Oil&Gas » Furnizare » Russia’s Gazprom to raise 2018 investment by 16%

Russia’s Gazprom to raise 2018 investment by 16%

4 September 2018
Furnizare
energynomics

Russian gas producer Gazprom will raise its investment program for 2018 to 1.49 trillion rubles (USD 22 billion) from an initially planned 1.28 trillion rubles, the Interfax news agency cited a source as saying on Monday.

Over the first eight months of the year, Gazprom exported over 133 billion cubic meters of gas to Turkey and the EU — up 5.6 percent on the same period of the previous year, said Alexei Miller, Gazprom’s CEO, according to Reuters.

The Russian giant continues to announce record export volumes to the region, where it generates a sizeable portion of its profits.

On August 29, Gazprom announced an increase of 65 percent to its net profits in the first half of 2018, to 630.8 billion rubles (USD 9.2 billion, 7.9 billion euros).

Leave a Reply

Your email address will not be published. Required fields are marked *