OAO Rosneft, Russia’s biggest crude producer, boosted its stake in the unit that holds the licenses to oil and gas fields in eastern Siberia for 9.3 billion rubles ($316 million)
The state-controlled oil producer consolidated a 99.9 percent stake, up from 70.8 percent, in OAO Eastern Siberian Oil and Gas Co., which has licenses to the Yurubcheno-Tokhomskoye oil field and Agaleevskoye gas field, after buying shares held by Montenore Investment Ltd. and minority investors under a mandatory offer, Rosneft said today in a statement.
Rosneft also closed a deal to acquire 35.3 percent of the Taas-Yuryakh field in a nearby region from state-controlled OAO Sberbank for $444 million.
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