| Gazprom plans to reduce financial borrowings in 2005 by a total of 120 billion rubles. and 90 billion rubles. in 2006 compared to 150 billion in 2004. The Gazprom board yesterday reviewed and approved the scenario conditions for the development of a draft financial plan, draft balances of payments, the main indicators of the investment program forecast, and the company's cost optimization program for 2005-2006. Earlier it was reported that Gazprom decided to limit the volume of borrowings for the period until 2013 to their level for 2004, or even reduce it if market conditions are favorable. In accordance with the draft documents, investments for 2005 are provided in the amount of 258.6 billion rubles. (212.3 billion rubles in 2004), in 2006 - 277 billion rubles. "TIME FOR NEWS"
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