KazMunaiGas EP Spent $263 Million on Share Repurchase Program

KazMunaiGas Exploration Production (RDGZ), the oil unit of Kazakhstan’s state energy company, said it’s spent $263 million on buying back shares since October 2011.

The Astana-based oil producer has repurchased 19,461 ordinary shares and about 14.4 million global depositary receipts during that period, according to an e-mailed statement today. The company had earmarked as much as $300 million for the buyback program that has now closed.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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