Russia's Lukoil CEO Says Oil Prices below $24 per Barrel Unlikely

Reuters

MOSCOW, Jan 21 (Reuters) – Global oil prices are unlikely to fall below $24 per barrel, Vagit Alekperov, chief executive of Russia's No.2 oil producer, Lukoil, told an interview with Rossiya 24 television on Thursday.

Lukoil's oil production in Siberia may fall by 0.5-0.6 percent, Alekperov said. He also added that the company's investments may fall by $1.2-$1.5 billion with oil price at $30 per barrel.

(Reporting by Vladimir Soldatkin; writing by Polina Devitt)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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