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Gazprom forecasts $25 per barrel
25.02.2009 12:45
Gazprom forecasts $25 per barrel

Gazprom is prepared to adjust the budget and the investing program in 2009: the Russian gas monopolist plans to implement only economically feasible projects, if oil prices plunge to $25 per barrel.
      
      Earlier made most pessimistic forecasts have never predicted oil prices lower than $32. The Russian government is adjusting the federal budget based on $41 per barrel.
      These days Gazprom has to cut the amount of its investment programs from 920.5 billion rubles to 713 billion rubles amid the global financial crisis.
      
      
      source:
      www.newsru.com
      


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