Source Pravda.Ru

Yukos Doubles Capital Investments In First Half Of 2001

The volume of capital investments of the Yukos oil company amounted to 12.9bn rubles (about $442m) in the first half of 2001, which is almost twice as much as during the corresponding period last year. This information was stated in the company's consolidated financial report on the second quarter and the first half of 2001 in the US GAAP standards. In particular, capital investments in oil production reached 9.7bn rubles ($333m) and investments in processing and sales together with some other capital investments reached 3.2bn rubles ($109m). 31.6bn rubles ($1.1bn) were mainly spent on purchasing securities and shares in subsidiaries. In addition, Yukos reduced its debt from 13.5bn rubles ($463m) as of December 31, 2000 to 9.2bn rubles ($315m) as of now.