The world oil market is approaching a new configuration: the cost of Russian oil for countries friendly and unfriendly to Russia will be different, said the head of Rosneft Igor Sechin at SPIEF-2022.
“We are already seeing a movement towards a new configuration of the oil market, where two price contours are being formed: for friendly countries – a fair market price, and for unfriendly countries – a premium is added to the price, which will be used to pay off our costs associated with the violation of rules and obligations by our former partners,” Sechin said.
The global oil and gas market has been seriously affected by Western sanctions against Russia. This led to the fact that the world economy, and above all the economies of the US and the EU, began to enter into a recession.
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