Gazprom Group Said to Cut 2012 Capital Spending to $35 Billion
February 10, 2012, 2:20 AM ESTBy Anna Shiryaevskaya
Feb. 10 (Bloomberg) -- OAO Gazprom, the Russian gas producer and exporter, plans to cut group capital expenditures to $35 billion this year from $50 billion last year, said two analysts.
The spending forecast includes the company’s OAO Gazprom Neft oil unit and its electricity division, the analysts said, who cited a company presentation and declined to be identified because it hasn’t been made public yet.
To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net
To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net
