Oil workers at a meeting with Novak did not reach consensus on further actions

Representatives of Russian oil companies at a meeting with Minister of Energy Alexander Novak were not able to develop a unified position on further actions in the conditions of withdrawal from the OPEC + agreement and falling oil prices. According to a member of the board of directors of the company INC, Sergey Donskoy, oil industry workers expressed their position.

“There is no consensus so far. Companies expressed their position. Final conclusions by the Department of Energy. The Ministry of Energy will still consider various options, including relations with OPEC. Now any sharp movements lead to what is happening in the market. That’s all, ”said the head of Gazprom Neft Alexander Dyukov (quote from TASS).

He considers the outcome of the OPEC + negotiations a mistake. According to him, the company is ready to increase oil production in April by 40-50 thousand barrels per day. Mr. Dyukov also said that Gazprom Neft does not see any threats from Saudi Arabia for its share in the European market. He noted that at the meeting with Mr. Novak, a new agreement with OPEC was not even discussed. “We have a sufficient margin of safety. We are resistant to low prices, below $ 35 per barrel,” he added.

The fact that Russian oil companies are ready to work in conditions of low oil prices, said Vagit Alekperov, president of LUKOIL. The head of Tatneft Nail Maganov said that the price of oil, even at $ 8 per barrel, would not be critical for the company.

Recall, on March 9, on the news that OPEC and the OPEC + member countries, following the results of negotiations in Vienna, could not agree on an additional reduction in raw material production, oil prices collapsed by more than 30%. The decline in oil prices led to a drop in the ruble. Today, March 12, the dollar exceeded 75 rubles., Euro – 84 rubles. for the first time in four years. Then the ruble strengthened a bit. May Brent crude futures prices fell below $ 33 per barrel. Brent later won back part of the fall.

Read more in the article “Kommersant” “We are mobilized to work at low oil prices.”

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