Tuesday, 17 July 2018 | 07:01
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Russia’s Lukoil planning $2-3 bln share buyback – CEO

Saturday, 13 January 2018 | 00:00

Vagit Alekperov, the chief executive officer of Russian oil producer Lukoil, said on Friday the company was planning to buy back $2-3 billion of its shares from the market.

Alekperov also told reporters he saw no need for debt raising in 2018 and Lukoil’s budget was based on an oil price of $50 per barrel.

Source: Reuters (Reporting by Olesya Astakhova; writing by Maria Tsvetkova; Editing by Jack Stubbs)

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