Sunday, May 20, 2018

Russia's Rosneft to Announce Share Buyback Details in June

Posted by May 14, 2018

Rosneft, Russia's top oil producer and one of the biggest globally, plans to reveal share buyback details in June, CFO Pavel Fyodorov said in a conference call on Monday.

The company had announced a series of measures on May 1 to improve shareholder returns, such as a $2 billion share buyback and plans to cut total debt and trading liabilities by a minimum of 500 billion roubles ($8 billion).

Reporting by Olesya Astakhova Writing by Katya Golubkova

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