16 May 2014 18:27

Gazprom Neft still planning capex growth in 2014, reduction in 2015

MOSCOW. May 16 (Interfax) - Gazprom Neft is still planning 330 billion rubles capex in 2014 and 255 billion rubles in 2015, the oil company's CFO, Alexei Yankevich, said on a conference call.

Gazprom Neft has said it plans capex growth in 2014, as new projects such as Novoport and Prirazlomnoye enter their active phase, but to reduce investment in the years that follow.

Capex grew 23% in 2013 to 208.6 billion rubles.