Russia’s Gazprom will be able to implement all of its investment projects even if oil prices are as low as $30-40 per barrel, because while forming its budget for 2015 the company had considered a scenario like this, the financial director of the company, Andrey Kruglov, said.
"The company will be ready to implement all of its investment plans even at such oil prices," he said in an interview with the Rossiya-24 television channel.
"Even if oil prices stayed at $40 for a year, the company would not abandon its investment program," TASS cited Kruglov as saying.
According to the Gazprom executive, the company draws its annual investment programs on the basis of a conservative scenario and adopts them in December, whereas it can judge about yearly performances already in November. That means that the company can can include only top-priority projects in its investment program.
