By Oliver Griffin

Gazprom PJSC (GAZP.RS) said Friday that management has approved a draft investment program and it expects to invest 1.33 trillion Russian rubles ($20.3 billion) in 2019.

The Russian oil company said it has earmarked RUB963 billion for capital investments and RUB151.5 billion for the acquisition of non-current assets.

The company said RUB211.2 billion will be used for long-term financial investments.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

November 23, 2018 03:59 ET (08:59 GMT)

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