Russia’s largest oil producer Rosneft (ROSN.MM) has proposed a $2 billion share buyback to improve returns, alongside plans to cut total debt and trading liabilities by a minimum of 500 billion roubles ($7.9 billion) this year.
Reuters: Russia’s Rosneft to buy back $2 billion in shares, targets $7.9 billion debt cut
Former German Chancellor Gerhard Schroeder, newly elected chairman of the board of directors of Russia's oil giant Rosneft, attends a briefing in Saint Petersburg on Sept. 29, 2017.
