The capital investments of RussNeft as per IFRS amounted to US$517 million in 2012, the volume of investments will exceed US$3 billion in 2012-2017
Moscow. The capital investments of RussNeft as per the International Financial Reporting Standards (IFRS) in 2012 were US$517 million, the overall volume of the investments in 2012-2017 will exceed US$3 billion, according to the Company’s statement.
Over a half of the capital investments in 2012 were allocated to the production drilling. In mid-term, RussNeft intends to keep the focus of the capital investments in the production drilling and operation infrastructure development.
In 2012, the Company allocated 1,756 million rubles for development of the gas infrastructure facilities (677 million rubles in 2011). Given that, the overall investments of OAO NK RussNeft into the gas programs in 2011-2014 will amount to 6.25 billion rubles.