Gazprom Neft, the oil arm of the Russian energy giant Gazprom, plans to spend up to RUR 240 billion on investment projects, up 25% YoY.
RIA-Novosti reported that ''The [investment volume] increase will be at about 25 percent, due to new major Russian and foreign projects on land and the shelf, as well as oil extraction in traditional regions of operation and oil exploration in Eastern Siberia.''
Source:
http://www.steelguru.com/russian_news/Gazprom_to_spend_25__percent_on_investment_projects/296659.html
