Russian oil companies will be able to survive the current situation with oil prices only reduce investment, but $ 20 a barrel would not stand anybody, he said in a broadcast RBC TV First Deputy Energy Minister Alexey Teksler.

Companies will stand at the moment – only cease to make investments, $ 20 would not stand anybody, “- he said.

“Because of the fall in oil prices mainly affected the budget” – recalled an official. In the case of oil in Western Siberia 75-80% of the cost of oil was withdrawn in the budget. At $ 50 it dropped to $ 30-31 per barrel at $ 30 per barrel – $ 12-13, and at $ 20 – up to $ 4.

He recalled that Russian companies the costs of oil production (lifting cost) of $ 3-6 per barrel, the overall production cost (cash costs) – $ 15-16 per barrel.

Source: Interfax