Sanctions have had an impact on the potential of Russian oil companies

Western sanctions have an impact on the potential of the Russian oil companies, V.Alekperov, head of LUKOIL stated at a conference HIS Ceraweek 2015.

“We suffer economic troubles at present, but I hope, they will be solved at the expense of oilmen,” Alekperov said. He has added there is import substitution tendency in Russia at the moment. Oil companies needs some time to get used to the situation, he has asserted.

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