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MOSCOW, September 27 (Itar-Tass) — Russia's gas giant Gazprom is boosting its investment program for 2011 by approximately one-third, to 1.276 trillion roubles, the company's information department reported following the decision by Gazprom's board of directors.
"In accordance with the investment program for 2011, the revised version envisions 1.276 trillion roubles of disbursed investments, a 460.11 billion-rouble increase from the target in the program approved in November 2010," the Company said.
Capital investments will make up 1.186 trillion roubles (up 456.85 billion roubles), including 1.15 trillion roubles of capital construction expenses (up 422.75 billion roubles), and acquisition of non-current assets -- 36.69 billion roubles (up 34.1 billion roubles).
The volume of long-term investments will total 89.76 billion roubles (up 3.26 billion roubles).