The source revealed the cost of production of Russian oil

Three more oil producing countries decided to lower oil prices. Iraq, the United Arab Emirates and Kuwait announced discounts on April sales of "black gold" so as not to lose their market share against the background of a "price war" between Russia and Saudi Arabia.

Now Brent crude oil, which is a kind of indicator of oil price dynamics, has fallen to $ 34 per barrel.

In this context, the question is relevant: at what price will the extraction of oil remain profitable for our country?

A Reuters source at the Russian Ministry of Energy revealed the cost of oil production. According to media reports, it varies from 9 to 20 dollars per barrel. This scatter is due to the difference in projects: somewhere, “black gold” is extracted relatively simply, somewhere much more complicated.

At the same time, the cost of oil production in Russia is significantly higher than in a number of Middle Eastern states. For example, in Saudi Arabia, the extraction of one barrel costs no more than $ 5, that is, up to four times cheaper than in Russia.
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  1. vvnab Offline vvnab
    vvnab (Vitali) 12 March 2020 09: 54
    Something is not believed. Did you include the cost of transportation there? What about the deterioration of infrastructure? And what about social obligations to industry workers?
    I had to hear other numbers. Closer to 30.
  2. Afinogen Offline Afinogen
    Afinogen (Afinogen) 12 March 2020 10: 02
    For example, in Saudi Arabia, the extraction of one barrel costs no more than $ 5, that is, up to four times cheaper than in Russia.

    But they are used to living about thirty times better than us (or even more).
    1. A.Lex Offline A.Lex
      A.Lex (Secret information) 13 March 2020 11: 26
      As they’re used to, they’re unaccustomed These camelids adapt quickly. Just recently, they lived in tents in the sand. That is not the question at all. Their economy is built entirely on oil (production, storage, transportation) - 100%. But only one transportation costs so much that ours (at all costs) pays off significantly. Pipe against oil tanker. Which is easier, which is cheaper? No need to forget.
      After all, what is the war in Syria, Iraq? This is a war over the territory where the oil pipeline and gas pipeline were supposed to pass. The main thing - who would need these Messrs.
  3. gorenina91 Offline gorenina91
    gorenina91 (Irina) 12 March 2020 17: 20
    The source revealed the cost of production of Russian oil.

    - Too to me ... - secretary of Open Sign ...
  4. Yuriy Malyshko Offline Yuriy Malyshko
    Yuriy Malyshko (Yuri Malyshko) 13 March 2020 20: 58
    I wonder if this is the secret of the oil veteran from the plague. However - Leontiev?
  5. Roarv Offline Roarv
    Roarv (Robert) 14 March 2020 04: 33
    On the one hand, it’s time to help the Hussites by supplying and training on UAV strike management ... It’s time to sharpen the oil structure of the Saudis + their satellites with torches ... Ah, General Suleymani is not alive ..... He and his associates accurately predicted oil quotes .. .
    On the other hand, a barrel rises in price. People can’t see the income from it.
    Oil is getting cheaper. Again the same ... Maybe so we’ll get off the oil needle and Mr. Sechin will stop asking for interest-free money from the NWF, the Stabilization Fund, Sberbank .... to his MegaProjects, which are unlikely to pay off during the life of this president.