It is not profitable to produce oil in Russia
Edited by Rhod Mackenzie / 2015-11-10 07:48:20
The economic life of the Russian oil companies makes it possible to earn at the oil price lower than $50 per a barrel, but deprives of stimuli and capability to invest into the development of new deposits.
Rosbusinessconsulting writes about it, citing the report of the Minister of Energy of Russia A.Novak “On functioning of the fuel and energy sectors in the current conditions: problems and solutions”, which he has submitted to the RF President V.Putin.
