Rosneft spends $2.1 for the extraction of a barrel of oil

​The operational expenditure of Rosneft for exploration and extraction of oil in Q1 2016 made up $2.1/barrel, the head I. Sechin said.

According to him, the operational expenditure fell by 19% - in 2015 it amounted to $2.6/barrel. Moreover, this result is by 30% lower than that of the closest Rosneft’s competitor. The reduction of expenditure was due to the system of strong control.

The first Vice-President of Rosneft, P. Fedorov, said that in 2016 the company will direct 922 bln roubles for investment. Rosneft said  that taking into account CAPEX the real value of raw materials is to be set at $70-90/barrel.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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