Russian gas giant Gazprom has approved a new program for the disposal of non-core assets for the next three years.
Over the period from 2013 through the first quarter of 2016, the company earned a total of RUB 45.2 billion ($705m) from selling non-core and inefficient assets, Gazprom said in a statement.
Gazprom disposed of, inter alia, shares and stakes in various companies, non-business assets, and movable property, the company said.
The company’s Board of Directors approved a new program for the disposal of these assets during another three-year period, from the second half of 2016 through the first half of 2019.