Oil companies are increasing investments.
Edited by Rhod Mackenzie / 2015-11-17 06:43:45
Oil companies are increasing investments despite the prices falling two times.
According to the expectations of the RF Minister of Energy Aleksandr Novak in 2015 the investments into the Russian oil industry will grow by 22% to 1.19 trillion roubles compared to the previous year. Mining, according to the RF Ministry of Energy, will grow by 1.3% to the previous year, while in March it was planned to maintain the level of last year. According to analysts, the growth of investment by Russian oil companies is due to the weakening of the rouble.