Cost of Russian oil was estimated at $ 2 per barrel – RBC

Photo: Maxim Slutsky / TASS

According to Deputy energy Minister Kirill Molodtsova, Russian oil production costs on average around $ 2 per barrel

«The average cost of production per barrel of Russian oil is about two dollars. Cost of production of hard and offshore stocks higher – $ 20 indicators also vary significantly depending on the cycle of development of mineral resources. With falling production costs higher, as at the same level of costs recovered less oil “- quoted by Tass the official word from the interview to” Rossiyskaya Gazeta »

Earlier in February, the president of” Rosneft “Igor Sechin described the cost of oil production. in the oil company as one of the lowest in the world: “at the cost of production on the well we are one of the lowest – $ 2.7 per barrel.” In September 2015 he talked about $ 4 per barrel.

According to Sechin, because of financial speculators in oil prices could fall to $ 10 a barrel. Sechin said that the annual decline in the average daily production in the world is estimated at 3 million barrels. per day. At the same time, according to Sechin estimated the excess of oil supply over demand of 1.5-1.7 million barrels. per day.

Due to the drop in oil prices, OPEC and Russia have reached a preliminary agreement to freeze production at the level of January 2016, when an agreement to join all the major players. The main obstacle was the opposition of Iran: there said they would increase oil exports until come to a level that was before the introduction of sanctions and embargoes.

March 22 Financial Times wrote that Saudi Arabia is ready to sign an agreement on the limitation of oil production, even if it will not participate Iran. This publication said a senior representative of the OPEC countries. “Many countries agree to freeze. Why depend on Iran? “- Said the source publication. By FT reports, the representatives of the exporting countries of the Persian Gulf had doubts Iran’s ability to rapidly increase production, in connection with which they thought that it is possible to go on freezing and without his participation.