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


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)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
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


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Camp Boss|Galleyhand|Ships Deckhand / Deck Crew
Location: Port Fourchon, LA
Civil Construction Supervisor
Expertise: Budget / Cost Control|Civil Construction|Construction Manager
Location: North Dakota, United States, ND
Patent Counsel/Senior Patent Counsel
Expertise: Legal
Location: Richmond, VA
search for more jobs

Brent Crude Oil : $55.48/BBL 0.25%
Light Crude Oil : $49.91/BBL 0.04%
Natural Gas : $3.15/MMBtu 4.30%
Updated in last 24 hours