Gazprom will take part in Establishing Pipe Plant

The Gazprom Board of Directors made a decision today on the company's participation in establishing the company "Plant for Production of Large Diameter Pipes" as well as on buying shares in the Ural-Siberian Petrochemical Company so as to establish a full-fledged Russian petrochemical company, a representative of the Gazprom Press Service told RBC news agency. Additionally, the Board of Directors took into consideration a program of gradual improvement of the policy on natural gas prices for 2001-2005, submitted by the Gazprom Executive Board. The Board of Directors also approved the sum to be paid to PriceWaterhouseCoopers for audit of the Gazprom accounts for 2000. The next meeting of the Board of Directors is scheduled for the end of November.