Current OGZPY Stock Info

Russian oil and gas major Gazprom announces budget reductions for next year
Russia’s state-owned Gazprom (ticker: OGZPY) announced its investment program and budget for 2015, cutting its capital budget substantially from 2014.

With Russia reporting its first economic contraction today, it is little surprise that its oil industry giant decided to reduce spending for 2015. Russia’s Economy Ministry said gross domestic product shrank 0.5% last month, the first drop since October 2009, reports Reuters. With oil forming the backbone of the econo...


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