Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
The energy panel organized by Rosneft Oil Company as part of the SPIEF ended with the traditional oil price forecast from its participants. This year, the head of the Company Igor Sechin and the Chairman of the Supervisory Board of the non-profit initiative of the Japanese government to develop low-carbon technologies Nobuo Tanaka presented their vision of the development of events.
Professor Tanaka recalled that a year earlier, Energy Panel participants predicted the price of oil at $60 per barrel. “This year, I am afraid that the price may exceed $100 due to the crisis that is currently happening in the Middle East,” said the Japanese expert, who headed the International Energy Agency from 2007 to 2011.
In turn, the head of Rosneft responded to this: “Whatever it (the price of oil – ed.) may be, it is difficult for us to guess what will happen. Nobody knows. I will remind Machiavelli: “The power of power is in its secret.”
At the same time, Igor Sechin named the price that the Company included in the business plan for 2025 and 2026: “We do not know what geopolitical factors will affect the market. But whatever they are, our company Rosneft is setting its business plan for this year at 45 dollars, and for the next year at 42-43. We do not want to depend on this volatility,” he said.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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