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Gazprom Chairman Buys Gazprom Shares

The chairman of the Gazprom board of directors has acquired the Russian gas monopoly's stock for the first time, buying shares worth 29.7 million rubles ($905,000), Gazprom said Wednesday.

Viktor Zubkov, 71, who headed the government in 2007-08 and worked as first deputy prime minister in 2008-12, bought 0.000987 percent of Gazprom's shares on July 24, when the energy giant's stock was trading at 127.17 rubles ($3.90) a share, bringing the transaction value to 29.7 million rubles.

Meanwhile, Gazprom reported gas production in July totaling 31.95 billion cubic meters, 0.2 percent more than in July 2012. Exports of gas outside the ex-Soviet countries rose 29 percent in July year on year to 13.5 bcm, about the same growth rate as in June and March this year, Interfax reported.

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