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Gazprom to invest about $1.3 bln in geological exploration in 2018

May 14, 21:56 UTC+3 ST.PETERSBURG

Last year the company's investments in geological exploration amounted to $1.4 bln

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ST.PETERSBURG, May 14. /TASS/. Gazprom holding invests about 83 bln rubles ($1.3 bln) in geological exploration this year, Vsevolod Cherepanov, a member of the holding's management board told a press conference on Monday.

"As for 2018, the parameters are approximately comparable [with the indicators of 2017] - about 83 billion rubles," he said.

Cherepanov also noted that last year the holding's investments in geological exploration amounted to 86.7 billion rubles ($1.4 bln).

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