FinMin: Russian Oil Firms Should Revise Investment Plans amid Low Oil Price

Reuters

MOSCOW, Sept 23 (Reuters) – Russian oil companies should revise their investment policies to align themselves with low oil prices, Finance Minister Anton Siluanov told reporters on Wednesday.

He also said that oil price of $100 per barrel was unlikely to return.

(Reporting by Darya Korsunskaya, Writing by Katya Golubkova, Editing by Gabriela Baczynska)

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David | Sep. 24, 2015
The Russian economy was financed by oil at over $120 a barrel...if they dont see $100 their county will slide slowly towards complete bankruptcy....good! Perhaps it was simply a coincidence that oil prices plummeted directly after their invasion of Ukraine...but regardless of coincidence or strategy or just good luck... I am enjoying watching the Russian oil based economy bleed to death as a result


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