Sechin: the debts of the shale companies in the US reached $150 billion


MOSCOW, October 22. The debts of the shale companies in the US reached $150 billion, said the head of “Rosneft” Igor Sechin.

According to him, the production of stranded oil in the world is profitable only if the price 85-98 dollars/Barr. “Rosneft” consistently reduces the amount of debt, which totaled $27.2 billion at the end of September.

Silk road is an ambitious project that will help the cooperation of the Russian Federation and China, said Sechin.

Europe’s share in world energy consumption will decrease from 19% in 2015 to 16% by 2030, he said.

As stated by the head of Rosneft, Hungary began to export oil from Kurdistan, Poland agreed to supply the Saudis. OPEC ceased to perform the role of the regulator, meeting on 21 October did not bring any decisions, said Igor Sechin.

Investments “Rosneft” in 2015 will amount to €21 billion, by 2018 – €23-24 billion a year.