I.Sechin believes that the price of oil price could grow up to $110 per a barrel
Edited by Rhod Mackenzie / 2015-02-16 06:03:34
In 1985 investments into new bore holes were profitable, then oil, produced there, cost $20-30 per a barrel. Currently, the break-even price is close to $60 or $100, I.Sechin writes in the article for the newspaper Financial Times.
According to him, in accordance within the main principles of the market oil price will increase up to $60-80 per a barrel and it will be profitable to drill bore holes, necessary for the world. But if the oil price is “falsified” many production projects will be frozen, the price restoration will take more time and the price can go up to $90-100 or even higher.
