Gazprom board approves reorganization of subsidiaries

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MOSCOW, March 29 (RIA Novosti) - The board of directors of Russian energy giant Gazprom said Wednesday it had approved proposals on the reorganization of the company's subsidiaries.

"Implementing the restructuring program will help finalize the separation of financial flows in production, transportation, processing, underground storage, and marketing of natural gas, as well as liquid hydrocarbons," the company said in a press release.

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