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Lukoil begins $3B share buyback program

Russian integrated oil and gas company PJSC Lukoil started a program to repurchase up to $3 billion of its shares and corresponding depositary receipts, according to an Oct. 1 release.

Lukoil subsidiary Lukoil Securities Ltd. will make the purchases. The program is expected to last from Oct. 1 to Dec. 30, 2022.