Russian oil and gas companies recordly increase investments in prey

Russian oil and gas companies almost the only ones in the world continue to record investment in production projects recordly. So, last year, investments grew by 40%, in 2018 the growth will continue. These figures follow the report of the International Energy Agency (IEA).

According to the director of the energy development fund Sergei Pikin, Russian investments are absolutely justified. He stated this in a conversation with The Insider: “From the point of view of the profitability of projects, we have one of the best indicators in the world in our country, we are second only to Saudi Arabia. We have all these investments show a very good income. Secondly, investments made last year are needed for production not even for the next year, but later. That is, this is investment in the future increase in prey. It is clear that at the moment, an increase in investment means a decrease in dividend payments, but from the point of view of future stabilization, for the Russian oil industry, this is a plus. ”

In 2017, Russian investments increased by 38%, to $ 58 billion. On average, investments in such projects increased by 3.7%, to $ 450 billion, the report said. In Europe, the USA and in the Middle East, investments even decreased by 1-16% and only slightly grew up in China and Latin America.