The Ministry of Energy predicted difficult decisions for the budget when oil at $ 20 – RBC

First Deputy Energy Minister Alexey Teksler

Photo: Mikhail Japaridze / TASS

Most of the drop in oil prices has lost the Russian budget, with a further reduction in the cost of a barrel of authorities may take “quite complex” solutions, said in a broadcast RBC TV First Deputy Energy Minister Alexey Teksler.

If at the old prices for oil from Western Siberia to the budget received about 75-80% of the cost of a barrel, but now this amount is significantly reduced, he said. “At $ 50 a barrel is only now $ 30-31 per barrel,” – said the official. At $ 30, proceeds from the sale of a barrel in the budget reduced to $ 12-13, and at $ 20, the authorities will confiscate an average of $ 4, Teksler added.

«At $ 20 per barrel revenues the budget will be reduced so that, I think, with a long term prices may take some individual decisions, it is difficult in terms of budget. And of course we all hope that this will not happen, “- the official said.

Oil at $ 170: the dream of the Russian gosmenedzhery Gallery The head of “Rosneft” Igor Sechin said on Monday that Russia’s oil production could potentially be increased to 700 million tons. This plan can be called, to put it mildly daring: the forecast of Economic Development, in 2015 production Oil will be 530.5 million tons, and according to the draft General Scheme of the oil industry, oil fields under development in 20 years will be reduced by 125 million tons. To keep production at current levels is possible only if the shortfall in volumes of oil will be replaced by new deposits, including through the work on the shelf and with hard resource. RBC remembered what else dreamed Russian gosmenedzhery ambitious forecasts and what did officials in recent years.
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Branch now feels “more or less adequately” because production costs are $ 3-6 and transportation – up to $ 15-16 per barrel, said the representative of the Ministry of Energy. “$ 20 [a barrel] companies will survive in the current situation, but stop thinking about investments, about the future, and it’s a big problem. Because the $ 20 will not stand no “- summed up Teksler.

As of 22:41 MSK, the price of a barrel of Brent was $ 34.85. This is 2.73% higher than at the opening of trading, when a Brent gave $ 33,79.

The average price for oil in 2016 will be $ 30 a barrel earlier predicted Economic Development Minister Alexei Ulyukayev. “I think it will be some rebalancing. The average annual price of oil is not the same as it is today – will be higher, “- he said, noting that oil prices have the potential recovery. “The growth in demand – it is a fact, in 2015 by 1.5 mln barrels. about increased demand. The global economy grew by 3%, then the demand will increase for sure, “- said the Minister.