Government of Russia doesn’t see high risks in a fallcin oil extractionl provided oil price is $50-60/barrel

The Government of Russia doesn’t see high risks of the oil extraction fall if its price is at the level of $50-60/barrel, this is an opinion of the Vice-Prime Minister of Russia, A Dvorkovich.

“If the oil price is reasonable – about $50-60/barrel- we can’t see high risks of its production fall”, he said. He added there might be minor fluctuations.

Speaking about the discussed with the oil companies measures on the support of oil production, Mr. Dvorkovich said that the investment program of the largest Russian oil company – Rosneft – will be considered, a number of projects of which are in priority. “The opportunity of supporting the elements of this investment program is considered”, he said. Speaking about the risks, he mentioned those projects in which the imported equipment is used, which can’t be purchased now, but these are a few cases only.