Gazprom to Maintain 2013 Capex at $25.4B

Printer Friendly Version
Email this Page

MOSCOW - OAO Gazprom will maintain its capital expenditure at 800 billion rubles ($25.4 billion) in 2013, the same level as this year, the company's deputy head, Andrei Kruglov, said on a conference call Thursday.

The company had said late last month that capital expenditure would rise to RUB890 billion in 2013.

Mr. Kruglov said the company would pay 25% of its net profit according to Russian Accounting Standards as dividends. Russian Accounting Standards are not entirely comparable to international accounting standards, such as IFRS. He said Gazprom would calculate dividends according to IFRS from 2014.

Gazprom's production costs this year will rise to RUB966 per 1,000 cubic meters of gas, said Elena Karpel, head of Gazprom's economic department. She said 53% of the cost was made up of the mineral extraction tax, which was increased this year. Last year, Gazprom's production costs stood at RUB664 per 1,000 cubic meters.

Copyright (c) 2012 Dow Jones & Company, Inc.

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Tax Accountant
Expertise: Accounting or Finance
Location: Midland, TX
 
Manager of Finance, Planning and Analysis
Expertise: Budget / Cost Control
Location: West Virginia, WV
 
Staff Accountant
Expertise: Accounting or Finance|Financial Audit
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $62.07/BBL 0.09%
Light Crude Oil : $56.93/BBL 0.05%
Natural Gas : $2.82/MMBtu 1.43%
Updated in last 24 hours