Novak: the Russian oil companies analyze risk at $30-35 per barrel

Novak: the Russian oil companies analyze risk at $30-35 per barrel


The Ministry of energy, as reported by the head of Department, in January, after the Christmas holidays, plans to hold a meeting with the leadership of the local oil companies to discuss, in particular, plans for investment.

MOSCOW, 24 Dec. Oil companies of the Russian Federation carry out stress tests, analyzes the risks, including on the basis of the prices for oil in 30-35 dollars per barrel, told journalists energy Minister Alexander Novak.

“Oil companies consider the risks, carry out stress tests based on the price (of oil per barrel — ed.) from 30 dollars to 35 dollars,” said Novak. The Minister did not name the companies that have carried out such calculations.

The Minister noted that the Ministry plans to hold in January, after the Christmas holidays, the meeting with the leadership of the local oil companies to discuss, including plans for investments in oil production.