Gazprom to Maintain 2013 Capex at $25.4B
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.
WHAT DO YOU THINK?
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.
- Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline (Oct 13)
- Russia's Gazprom Signs LNG Supply Deal With Ghana (Sep 18)
- Gazprom Says Sanctions Won't Stop Nord Stream 2 Pipeline Project (Aug 30)