General Announcement::Board of Directors reviews cost optimization options for 2017

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
PJSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Mar-2017 15:31:03
Status
New
Announcement Sub Title
Board of Directors reviews cost optimization options for 2017
Announcement Reference
SG170302OTHRDJRJ
Submitted By (Co./ Ind. Name)
Horizon LLC/ Yaroslav Gryaznov
Designation
Analyst
Description (Please provide a detailed description of the event in the box below)
The Gazprom Board of Directors took note of the information about Gazprom Group s cost optimization (reduction) options for 2017.
It was underscored that throughout the current year the Company would sustain its comprehensive approach to cost growth control, including by optimizing costs at the budgeting stage, executing the cost reduction program, implementing cost optimization plans, and using competitive procedures to procure goods, works, and services. In addition, Gazprom undertakes measures developed in pursuance of the Russian Government s instructions on reducing operating costs.

Attachments

2017.03.01. Board of Directors reviews cost optimization options for 2017.pdf
Total size =20K