Reuters logo
Russia's Rosneft agrees to buy oil services firm Targin for up to 4.1 bln rbls
December 26, 2016 / 2:59 PM / a year ago

Russia's Rosneft agrees to buy oil services firm Targin for up to 4.1 bln rbls

MOSCOW (Reuters) - Russia’s largest oil producer Rosneft has agreed to buy oil services firm Targin from Sistema conglomerate for up to 4.1 billion roubles ($67.4 million), Rosneft said on Monday, as it seeks to expand its own oil servicing business.

Workers stand next to a logo of Russia's Rosneft oil company at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin/Files

Rosneft said the number of drilling rigs will increase by 19 percent following the deal.

($1 = 60.8200 roubles)

Reporting by Vladimir Soldatkin; editing by Katya Golubkova

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below