Source Pravda.Ru

YUKOS President Says Drop In Oil Production Impossible In Near Future

A significant reduction in oil production is possible only in the middle-term in Russia, or no earlier than in 2003 or 2005, Mikhail Khodorkovsky, CEO of the YUKOS oil company, announced in a live interview with Echo of Moscow radio. He noted that in the event Russia cuts oil production as demanded by OPEC, Russian oil companies will have to stop the development of some oil wells. In addition, Russia's position on the oil market will be seized by its competitors - Kazakhstan and Azerbaijan. The YUKOS official noted that, in his opinion, the justified price for oil should be from $18 to $20 per barrel.

Comments
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russians start protesting against retirement age law
Russians start protesting against retirement age law
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
The West persistently pesters former USSR with regime changes and revolutions
Russians start protesting against retirement age law
Russians start protesting against retirement age law
The West persistently pesters former USSR with regime changes and revolutions
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Trump officially starts trade war with China
Saudi footballers to be punished for losing World Cup opener to Russia
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Kim-Trump Summit: A step in the right direction?
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Eighteen tons of gold leave USA in 2018
What do foreign fans say about Russia during 2018 FIFA World Cup?
Trump-Kim honeymoon in Singapore may open McDonald's in Pyongyang
Euro-Islam: New religion to break migrants in EU
Euro-Islam: New religion to break migrants in EU
Mysteries of history: Greek fire, Damascus steel and beam weapon
Mysteries of history: Greek fire, Damascus steel and beam weapon