Russia's Rosneft agrees to buy oil services firm Targin for up to 4.1 billion roubles

27 Dec, 2016

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

Read Comments