MOSCOW, Dec 1 (PRIME) -- Russian oil and gas pipe producer TMK expects its capital expenditures to rise to 18 billion rubles in 2022 from 15 billion rubles in 2021, Vice President for strategy Vladimir Shmatovich said at a conference call Wednesday.
"Our guidance for capital expenditures amounts to 15 billion rubles for this year. Next year we can see a small increase to about 18 billion rubles, but it is not big. This amount includes all our projects," Shmatovich said.
He added that capital expenditures did not increase due to synergy with Chelyabinsk Pipe Plant (ChelPipe) that TMK bought in March.
(74.8926 – U.S. $1)
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