The volume of the investment programs in 2018 is expected to be at around $6.6 billion, which is same total for the current year, Russia's Gazprom Neft, subsidiary of gas giant Gazprom, said on Monday.
The main share of the investments is allocated to programs aimed at the development of oil fields and upgrading of the oil refineries, according to the company statement.
The hydrocarbons production volume in 2017 is forecasted to reach 89.8 million tonnes of oil equilant, 4.2 percent higher than the 2016 figure, while the annual processing volume is estimated at 39.7 million tonnes.
Gazprom Neft, a subsidiary of Russian Gazprom, is primarily engaged in oil and gas exploration and production, refining, and the production and sale of petroleum products.
By Firdevs Yuksel