Russia's Rosneft to Announce Share Buyback Details in June

Posted by Michelle Howard
Monday, 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

Categories: Finance People & Company News

Related Stories

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

CNOOC Brings Online Another Oil and Gas Project in South China Sea

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

CNOOC Brings New Offshore Gas Field On Stream

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Current News

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

CNOOC Brings Online Another Oil and Gas Project in South China Sea

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Subsea7 Secures Work at Black Sea Field off Türkiye

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com