Bloomberg News

Gazprom Neft Expects Investments at $5.66 Billion in 2011

November 17, 2011

Nov. 17 (Bloomberg) -- OAO Gazprom Neft expects to invest 174 billion rubles ($5.66 billion) this year, according to a preliminary bond prospectus dated Nov. 11, a copy of which Bloomberg obtained yesterday.

The oil arm of Russia’s gas exporter allocated 61.4 billion rubles of the total for long-term financial investments and acquisition of assets, according to the prospectus.

Gazprom Neft’s press service declined to comment on the figures.

--With assistance from Denis Maternovsky in Moscow. Editor: Will Kennedy

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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