Rosneft feels confident despite the volatility of the exchange rate

© RIA Novosti / Press-service of JSC «NK Rosneft»to fotobabble company Rosneft. Archival photoRosneft feels confident despite the volatility of the exchange rate© RIA Novosti / Press-service of JSC «NK Rosneft»to the photobank

Rosneft feels confident despite the volatility of the exchange rate, the resources allow you to work without investing in exploration for 22 years, said Thursday the head of «Rosneft» Igor Sechin.

The head of the largest Russian oil company, noted that in improving the performance of «Rosneft» has played a role in the devaluation of the ruble. «Part of ruble costs we utilize to ensure this effectiveness. But even at the rate of 30 rubles to the dollar, our cost would be of the order of 4.1 dollars per barrel,» — said Sechin, speaking at the opening of Rosneft Deutschland office in Berlin.

«Even in the face of volatility in the markets, we are quite confident we will feel. I will once again draw your attention to the volume of the resource base. If necessary, we will not conduct a major capital investment, no exploration with this resource base without reducing the production can work for 22 years «, — he added.

Earlier on Wednesday, Sechin told reporters that Rosneft is ready for the oil prices. The company is more concerned with the stabilization of the ruble exchange rate for planning investments than oil prices, Sechin said.

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