Russian oil companies reduce costs by 10-15% because of the fall in oil prices
Edited by Rhod Mackenzie / 2015-06-04 12:30:51
Russian oil companies are reducing costs by 10-15% because of the fall in oil prices, the Russian Energy Minister Alexander Novak reported at the Sixth International Seminar of OPEC.
"There is a work on a serious cost-cutting takes place among the Russian companies. Such work is always carried out, but it is especially acute in the period of falling prices. Today, our companies reduce their by about 10-15%," - said Novak.
