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

 Russias Rosneft agrees to buy oil services firm Targin for up to 4.1 bln rbls
| Reuters

MOSCOW 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.

($1 = 60.8200 roubles)

(Reporting by Vladimir Soldatkin; editing by Katya Golubkova)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Dec 26, 2016 22:45:03 IST