Gazprom not afraid of oil price fluctuations
Edited by Rhod Mackenzie / 2015-06-09 12:56:34
The deputy chairman of Gazprom, A. Medvedev, said that the company can effectively work with any prices for oil.
“Gazprom started many projects with low oil prices”, Mr. Medvedev said.
From the summer 2014 oil listing fell by more than twice having reached $45/barrel of Brent in early 2015. The price fall was accelerated by the decision of the summit of OPEC as of November 27th 2014 to save the quota for oil extraction of 30 mln barrels a day. In late Jan the price started to rise and in May it was on average at $65/barrel.
