Sechin: Oil prices will start to increase in 2017

Sechin: Oil prices will start to increase in 2017

President of 'Rosneft' Igor Sechin stated that oil prices will begin to increase in the second half of 2017.

Earlier, Russia's Finance Ministry reported that they consider a decline in world oil prices to 30 dollars per barrel unlikely.

"This scenario can only happen due to a sharp deceleration in global economic growth and a sharp deceleration of the US economy," gazeta.ru cites the Ministry's report.

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