LUKoil to buy back shares for USD 4 billion from ConocoPhillips

RIA Novosti reported that Russia largest private oil company, LUKoil is to buy back 7.6% of its shares from U.S. oil and gas company ConocoPhillips for USD 3.44 billion.

LUKoil said in a statement that "Today LUKoil Finance Ltd a 100% subsidiary of OAO LUKoil signed a stock purchase

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