Russia`s Audit Chamber to check rail monopoly in 2007
Russia`s Audit Chamber will carry out a planned auditing check of railway monopoly Russian Railways (RZD) in 2007, the chamber`s chairman said Thursday.
Sergei Stepashin said the Audit Chamber plans to carry out checks on oil pipeline operator Transneft and energy giant Gazprom [RTS: GAZP] next year.
"We`ll check, among other things, Gazprom`s non-core business spending. Gazprom has assumed a lot of social obligations, and this is very important. But I believe it is better to carry out all such operations through the company`s budget," he said.
The audit of Gazprom is scheduled for April-May 2008 and is carried out every three years as a planned check.
Stepashin said the chamber audited Russian state-controlled oil giant Rosneft last year and found its performance "satisfactory" and "quite efficient."
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