Home » today » Business » The price of producing one barrel of oil in Russia is 3.1 {dollars} – 2024-05-22 05:13:20

The price of producing one barrel of oil in Russia is 3.1 {dollars} – 2024-05-22 05:13:20

/ world as we speak information/ The pinnacle of Rosneft, Igor Sechin, introduced the corporate’s working bills for oil manufacturing.

“Our normal working bills are low – 3.1 {dollars} per barrel. We’ve got a complete set of mechanisms to implement the plans we’ve got,” TASS quoted Sechin as saying.

“Our working prices permit us to function on this mode for a very long time. The useful resource base, even with out further investments in geological exploration, permits them to be produced 22 years with out lowering manufacturing volumes Sechin mentioned.

“It is very important preserve market share. The worth has been adjusted, however for those who go away your prospects, you’ll by no means return there once more, ”added the top of Rosneft.

We recall that on March 6, OPEC+ members couldn’t attain a consensus on an settlement on oil manufacturing. From April 1, the transaction will stop to be legitimate. Towards this backdrop, oil costs started to fall, adopted by inventory markets in numerous international locations.

Translation: world as we speak information

#value #producing #barrel #oil #Russia #{dollars}

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