Vagit Alekperov, President of LUKoil company, said that in 2016 oil price is expected to be $50.00-55.00 per barrel, reported RIA Novosti.
“I hope that the average program, which we are going to approve in November and which is going to take three years – 2016, 2017 and 2018, is based on a smooth growth of oil prices. In 2016 we hope to have the oil price will be $50.00-55.00,” Alekperov said in his interview to Russia 24 TV channel.
LUKoil President expressed confidence that in the perspective oil prices will go up to $65.00-90.00 per barrel. “I am confident that the prices will reach this level, which will allow us to maintain investments. This is somewhere between $65.00 and $90.00 per barrel, which will allow us exploring deep water area in Arctic,” Alekperov said.
