Gazprom's Board of Directors to consider placing second Eurobond issue

The Board of Directors of Gazprom will consider today an issue of placing the second Eurobond issue. Additionally, as the press service of the Russian gas holding reported, the agenda of the Board of Directors' meeting includes an issue of Gazprom's budget draft for 2003 and the production costs reduction program.

The Board of Directors of the gas holding will also consider a number of issues related to Gazprom's subsidiaries. Additionally, the Board of Directors is planning to consider the issues of the approval of the deal with the participation of Gazexport, an increase in the registered capital of Vostokgazprom and the approval of the transactions related to the EBRD's credit to finance the construction of loopings and an underwater pipeline in Ukraine.

Gazprom's Board of Directors will also make a decision on purchasing stakes in a number of companies: Vostokgazprom, OILGAS FAR EAST LTD (Hong Kong), OILGAZ PROJECTS INT. LTD (Russia) and Krasnoyarskgazprom.

©

&to=http://www.gazprom.ru/eng/default.htm' target=_blank>GAZPROM