The head of” Rosneft “Igor Sechin
The head of” Rosneft “does not exclude that in a few years the world market may require an agreement on emergency capacity in oil production due to its scarcity
As reported by TASS in an interview with the Italian edition of Il Sole 24 Ore Sechin pointed out that the oil market comes into balance faster than analysts had expected. He suggested the head of “Rosneft”
in this Sechin admitted that in the near future, there will come a period of sustained growth in oil prices. He explained this by saying that the world demand continues to grow, while production is reduced. According to the head of “Rosneft”, in particular this applies to the United States.
In the same interview Sechin spoke about the expansion plans of “Rosneft” cooperation with the Italian company Eni. “With our key Italian partner – the corporation Eni’s – we would like to expand cooperation in practically the entire process chain: in the exploration, production, refining and development of technology.”, – He said
Sechin did not rule out that over time, will be able to realize the dream of the founder of Eni Enrico Mattei, who hoped that the Italian company will participate in the “large-scale mining projects in Russia».
also the head of “Rosneft” touched on the issue of privatization of the company. He pointed out that “in view of the situation on the world oil market and the availability of sanctions, the current market price of the company is unlikely to meet its fundamental value.” This Sechin recognized the need to take into account the problems of the budget and therefore considering the various options for privatization.
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