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Russian oil and gas companies do not slash investments — Novak

At the same time, global investments in the oil sector were lowered from $700 bln to $300 bln per year

MOSCOW, October 13. /TASS/. Russian oil and gas companies do not lower investments and they have enough funds, Deputy Prime Minister Alexander Novak said during the Russian Energy Week forum.

"We have enough funds. Investment programs of our companies were not reduced; chief executives of companies present here can say that. I am aware of it because I am interacting constantly with our companies and participating in activities of boards of directors," Novak said.

At the same time, global investments in the oil sector were lowered from $700 bln to $300 bln per year, the official said. "This is a real problem," Novak added.