ABU DHABI, Nov 15 (PRIME) -- Russian oil giant Lukoil expects to produce 83 million tonnes of liquid hydrocarbons in 2022, OPEC+ restrictions included, Vagit Alekperov, head of the company, told reports at the ADIPEC conference on Monday.
“We produce about 30,000 barrels a day. We hope that if we continue to increase production at this rate, we will reach full potential of our oil production both in Russia and abroad in late January-February … Including OPEC+ and the restrictions (we expect to produce) about 83 million tonnes,” Alekperov said.
The company estimates the crude price at around U.S. $60 per barrel in 2022, Alekperov said.
“Our estimate today, what we are laying down in the budget, is about $60 (per barrel),” he said.
At the same time, Alekperov did not rule out fluctuations in the oil prices.
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