Russia's largest independent oil producer, OAO Lukoil (LKOH.RS), Monday said it had bought company stock worth around $95 million, as it continues a buyback in order to support the stock.
The company said it bought around 1.4 million of its own shares, which at a share price of $67.9 at 1313 GMT adds up to a total price of around $95 million.
The company also said Chief Executive Vagit Alekperov last week bought 200,000 shares worth 305 million rubles ($12 million).
Friday, Alekperov said the company's management had agreed on a share buyback to support the company's share price.
Before last week's transaction, Vagit Alekperov and his Lukoil Vice President Leonid Fedun twice this month had bought company shares worth around $160 million.