By 2018, Russia will extract of 11.65 million barrels per day — more than in Soviet times, when the production at the peak (in 1987) made up 11.42 million barrels. On Wednesday, July 20, reports Bloomberg referring to the forecast of American Bank Goldman Sachs.
Within three years oil production in Russia will increase. In 2016 it will grow by more than 1 percentage point, to 11.21 million barrels.
Experts at Goldman Sachs said that to increase the level of production will help lower the cost of production. Companies can make a profit and the oil for $ 10 per barrel.
“We are still positive about the future prospects of the Russian oil industry. When the current quotes of a large Corporation can implement their plans for investment and dividend payments”, — said the head of the analytical group Goldman Sachs Geydar Mamedov.
July 20, according to 17:40 GMT Brent crude oil cost of 46.29 per barrel. It fell by 1.26 percent from the close of trading on July 19.
On the same day, Russian energy Minister Alexander Novak said that Russia is not discussing with the Organization of countries-exporters of oil (OPEC) issues of coordination in the market after unsuccessful negotiations to freeze production at the April meeting in Qatar.
11 July it was reported that OPEC countries, including Saudi Arabia increased its oil production to its highest level since 2008. The cartel produces of 32.73 million barrels a day.
In 2015, Russia was getting of 10.73 million barrels of oil per day.
