Gazprom to spend 25 % on investment projects

Gazprom Neft, the oil arm of the Russian energy giant Gazprom, plans to
spend up to 240 billion rubles on investment projects, up 25 percent
year-on-year, the company said on Monday, RIA-Novosti reports.
“The [investment volume] increase will be at about 25 percent, due to new
major Russian and foreign projects on land and the shelf, as well as oil
extraction in traditional regions of operation and oil exploration in Eastern
Siberia,” RIA-Novosti quotes the company's statement.