Gazprom’s Board of Directors considered the issue on Sibur’s development concept and business plan

Gazprom’s Headquarters host a Board of Directors’ meeting.

The Board of Directors considered the Company’s Management Committee’s report on Sibur’s development concept and business plan.

The Board of Directors approved the work done by the Management Committee to promote Gazprom’s corporate interests as Sibur’s major shareholder; to regain control over gas and petrochemical assets; to stabilize financial standing and business operations of Sibur’s associated companies.

The Board of Directors commissioned the Management Committee to present proposals on relationship principles between the parent and subsidiary companies, to complete the financing scheme of Sibur’s debt and investment programs and to submit all the above-mentioned for the Board of Directors’ approval in April, this year.

Information Directorate, OAO Gazprom

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