MOSCOW, October 26 (RIA Novosti) - The board of Gazprom [RTS: GAZP] has approved a draft investment program for 2007 worth 531.78 billion rubles ($19.77 billion), the Russian energy giant said Thursday.
The project envisions capital investment at 360.56 billion rubles ($13.4 billion), and long-term financial contributions at 171.22 billion rubles ($6.37 billion).
The board also approved the draft financial plan and an optimization program for 2007.
According to a forecast of an investment program for 2008 and 2009, total investment will be 623.73 billion rubles ($23.19 billion) and 702.95 billion rubles ($26.13 billion), respectively.
