Oil companies preparing to face $40 oil price

Date: 16:14, 20-01-2015.

Almaty. January 20. KazTAG - Oil companies started preparing to $40 oil price, reports the RBK.
"The most conservative oil company of Russia- Surgutneftegas is ready to reconsider its investment program due to falling oil prices. Rosneft had conducted a stress test of work under $40/barrel price, while its competitors transferred to monthly operation planning. Even officials have to reconsider their plans: they are revising the energy strategy of Russia," reads the article.
According to Kseniya Yudayeva, deputy chairfigure of the Central Bank, the bank is considering development scenario under $40/ barrel price. Vagit Alekperov, co-owner of LUKOIL does not exclude that Brent oil price may fall to $25 in the short term period.

Share the news: