Gazprom to increase 10-year bond loan

At its today's meeting, the Board of Directors of the Russian gas holding Gazprom adopted an increase in a 10-year bond loan to $1.75bn, the press service of the gas holding reported. Gazprom's Board of Directors also approved the list of companies to be attracted by Gazprom and its subsidiaries for performing estimation activities in 2003. The Board of Directors adopted provisions for the activities of a commission for selecting an audit company for annual compulsory check of the holding.

Additionally, a concept of demonopolization of construction activities within Gazprom and a plan of activities for its implementation was approved at the meeting. The Executive Board of Gazprom was assigned to supervise the implementation of this plan.

The Board of Directors also coordinated the appointment of Sergey Ushakov the Deputy CEO and the dismissal of Sergey Lukash from this position.

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