Alekperov said that oil will cost 100 dollars for barrel the next ten years

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoAlekperov said that oil will cost 100 dollars for barrel the next ten years© RIA Novosti / Vitaly to Timepiece the image Bank

The head of «LUKOIL» Vagit Alekperov considers that the price of oil will reach $ 100 or in 2019 or in the next 10 years.

«No, that figure does not even consider. Even the next 10 years it is not considered», — said Alekperov, the relevant question in the TV channel «Russia-24».

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of oil production to total 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia. The deal started from the beginning of 2017 and was extended twice, most recently until the end of 2018. Thursday, June 21, in Vienna will be a meeting of the Ministerial monitoring Committee of OPEC+, the next day will be a meeting of OPEC countries, and on June 23 — a meeting of all 24 countries of the agreement on OPEC+.

As expected, these meetings will discuss the possibility of increasing the production. The reason for this are fears of a shortage of oil on the market that supports prices in the range of 70-80 dollars per barrel. Thus the actual reduction of oil production OPEC+ recently exceeded the levels of agreements by approximately 1 million barrels. Russia and Saudi Arabia offered to increase production OPEC+, in particular Russia — to 1.5 million barrels per day in the third quarter.

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