Gazprom Neft President: Oil price may reach $100 after ten years

Gazprom Neft President: Oil price may reach $100 after ten years
# 10 June 2016 13:36 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. If OPEC does not increase output, the oil price will reach $90-100 after 7-10 years, the president JSC Gazprom Neft Alexander Dukov said.

APA reports citing to RBK that if OPEC continues its aggressive policy, the oil price will fluctuate around $50-60 during next ten years: “Gazprom Neft passes its investment decisions basing on oil price at $50 a barrel. We believe that oil price will make $50-60 in the mid-term perspective (during 3-4 years), $90-100 in the long-term perspective”.

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