Russia's Lukoil Says Current Oil Prices 'Satisfactory'



Reuters

SOCHI, Russia, Feb 27 (Reuters) - Current oil prices above $50 per barrel were satisfactory for the markets, Vagit Alekperov, the head of Russia's No.2 oil producer Lukoil , said on Monday.

Speaking on the sidelines of a conference in the Black Sea resort of Sochi, Alekperov told reporters that the prices were likely to stay at the current levels till the end of the year.

(Reporting by Olesya Astakhova; writing by Vladimir Soldatkin; editing by Aleksandar Vasovic)



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