Head of LUKOIL allowed collapse of oil market at 100 dollars per barrel

Choose the oil market can price of oil above 100 dollars per barrel. This was said to the President of LUKOIL, Vagit Alekperov, reports “Kommersant”.

“I would not like to see the prices of oil above $ 100 per barrel, as this can stimulate investments in low-butter-efficient projects and then again lead to the fact that we have already passed, – market collapse,” said Alekperov.

LUKOIL president also announced plans to increase production by about 1.5-2 percent per year after 2022.

Earlier, Alekperov said that in general, the global oil market could recover from the consequences of the coronavirus pandemic already by the spring of next year, but the fluctuations in raw materials will be serious. According to the president and co-owner “LUKOIL”, they can change from zero to infinity

/Media reports.