Gazprom Board of Directors meeting was held today
Message to the Media
Gazprom Board of Directors meeting held today, and the following decisions were made.
The Board approved Gazprom budget, investment program and expenditure reduction program for 2003, and designated the Chairman of the Management Committee to be in charge of these programs implementation.
The Board approved Gazprom construction business de-monopolization concept and its implementation plan. The Board put the Management Committee in charge of the plan’s implementation.
The Board approved Gazprom and its affiliates’ non-core business and inefficient assets’ slated for sale in 2003.
The Board approved the roster of companies which to be contracted by Gazprom and its affiliates to perform independent assets valuation.
The Board approved the Regulations on a tender for audit companies that will perform the mandatory yearly audit of Gazprom.
The Board approved the increase of the 10 year corporate bond issue to US$1.75 billion.
The Board approved the appointment of Sergei Konstantinovich Ushakov as Deputy Chairman of Gazprom Management Committee, and Sergei Alekseyevich Lukash’s dismissal.
Information Directorate, OAO Gazprom