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Re: smpathy4dadevil post# 1

Sunday, 01/14/2018 6:19:25 PM

Sunday, January 14, 2018 6:19:25 PM

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$LUKOY Russia should start exiting the global deal to cut oil production if crude prices remain at $70/bbl for more than six months, Lukoil (OTCPK:LUKOY, OTC:LUKOF) CEO Vagit Alekperov says.

Alekperov says a Brent price of $60-$70 is a comfortable level for Russian oil firms.

The CEO also says the company plans to buy back $2B-$3B of its shares from the market.
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