RUSSIA SAYS ARCTIC OIL TO COST $30 TO $35 A BARREL

"If you speak about the major oil-producing provinces like western siberia, the price at which you can extract a marginal barrel of oil from the ground is about 7 dollars per barrel, 3 to 5 for leading industry producers ... if you look at the production to reserve-ratio ... it's around 20 years ... if you talk about tight oil, surely, that cost will be a higher number. for the arctic, probably, it will be in the 30-35 dollars per barrel-range."

Ein Video-Interview mit Pavel Fedorov [Russian Deputy Energy Minister] über die Grenzkosten der Förderung aus russischen Ölreserven sowie Steuervergünstigungen für Investoren in der russischen Öl- und Gasbranche. Erschienen auf Bloomberg (22. Juni 2012).