Rosneft's budget assumes oil at $ 63 a barrel

"Rosneft" budget assumes oil price at $ 63 per barrel

Moscow: "Middle East"

In an interview with the first Russian channel, Igor Sechin, the managing director of Rosneft, said the company's budget was based on a price of $ 63 per barrel. "I think the price (the price of oil) will be 75 dollars, up to 80 dollars a barrel."
The Organization of the Petroleum Exporting Countries (OPEC) and other producers, led by Russia, agreed to reduce Global, increasing by about one million barrels a day. market supply as of July 1
Last month, he said he was satisfied with the rise in oil prices to 70-80 dollars a barrel.
Last month, he hinted that there was an opportunity to increase the company's market share, The global oil market, after the sanctions against Iran
Rosneft, which has shareholders BP and Qatar, accounts for 40% of Russia's total oil production and plays an important role in Moscow's commitment to the Global Compact. Reduce oil production between the Organization of the Petroleum Exporting Countries (OPEC) and some independent producers.
Rosneft production last year 4. 52 million barrels a day
Rosneft plans to increase its production of oil and gas to 330 million tons of oil equivalent. here in 2022, with new oil and gas projects expected to generate 87 million tons of oil equivalent. Sechin promised shareholders a "substantial" increase in cash dividends for 2018, without giving any figures.

Russia

Oil