May 14, 2018 / 1:46 PM / 11 days ago

Russia's Rosneft plans to announce share buyback details in June

MOSCOW, May 14 (Reuters) - 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). ($1 = 61.6225 roubles) (Reporting by Olesya Astakhova Writing by Katya Golubkova Editing by David Goodman)

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