Home / Oil / Vekselberg: oil prices in the medium term will be above $40 per barrel

Vekselberg: oil prices in the medium term will be above $40 per barrel

Вексельберг: цены на нефть в среднесрочной перспективе будут выше $40 за баррель

Chairman of the Board of Directors of group of companies “Renova” Viktor Vekselberg predicts a rise in oil prices in the medium term, above $40 per barrel. About this businessman said in an interview with the newspaper Vedomosti, adding that he believes oil prices below $30 “for Bothe ish”

“I don’t believe in price of $30 (per barrel) in the medium term. It’s not enough. Unless there is drastic changes in the technology markets, influencing the balance of supply and demand, in the medium term $30 “does not fly”. From my point of view will be above $40,” – said Vekselberg.

Thus the businessman does not exclude fluctuations in oil prices because of “the great imbalance of supply and demand”.

“We have new suppliers, we have uploaded all the backup power I can: and the tankers, and the storage is overloaded. It will affect the market, and we will see large fluctuations. In the short term may see less than $30, but in the medium term is more accurately $40,” he said.

Participation in the privatization of “Bashneft”

Viktor Vekselberg also said that it plans to participate in privatization of “Bashneft”. “In the oil industry don’t want,’ he said, answering the question about the investment in the oil industry, in particular, “Bashneft”. – I gave half my life to this business and was, probably, adhere to it, but today I was largely fascinated by innovative business, high-tech, alternative energy”.

Vekselberg also noted that he has an interest in General in acquiring Russian assets, but “the principle is very simple: either they correspond to the strategic goals that we have identified, or it’s a completely speculative market situation, which will give the opportunity to earn”.

Earlier it was reported that interest in buying the controlling stake of “Bashneft” expressed “LUKOIL”, but so far the company has not made a formal proposal to the government.

The head of “LUKOIL” Vagit Alekperov has specified that speech can go about 50% of the shares that are in Federal ownership. However, he suggested that the deal can go through only at the expense of cash payments, without the use of shares of “LUKOIL”. The head of the Federal Antimonopoly service Igor Artemyev said that FAS is likely not to object to the possible purchase “LUKOIL” controlling stake “Bashneft

Check Also

Coalition forces the US to attack oil tankers in Syria

Forces under the leadership of the United States blew up three oil tankers in Syria, …