The Ministry of energy called critical for the Russian oil price oil

Moscow. January 28. Russian oil companies will survive the current situation with oil prices will reduce investment, but $20 per barrel will not sustain anybody, said on air of RBC TV, the first Deputy energy Minister Alexei Teksler.

“The company will hold at the current moment – just stop doing investments, $20 will not survive there”, he said.

“Due to the fall in oil prices primarily affected the budget,” said the official. In the case of oil of Western Siberia 75-80% of the cost of oil was seized in the budget. At $50 it was reduced to $30-31 from the barrel, at $30 per barrel to $12-13, and at $20 to $4.

He recalled that Russian companies the cost of oil production (lifting cost) of $3-6 per barrel, the overall cost (cash costs) – $15-16 per barrel.