30 Jul 2020 16:54

Novatek reducing 2020 investment program by further 15% to 170 bln rubles

MOSCOW. July 30 (Interfax) - Novatek is reducing its capex program for 2020 by a further 15% in addition to a 20% cut announced earlier, the company's CFO Mark Gyetvay said on a conference call.

As such, the total reduction relative to the initial plan will amount to 80 billion rubles, leaving a program of 170 billion rubles, the said.