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BP satisfied with investment into Rosneft — CEO

“We absolutely stick to our investment into Russia and cooperation with Rosneft," BP's CEO Bob Dudley said

© AP Photo/Rosneft press service

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Oil price drop has nothing to do with economic war against Russia — energy minister

DAVOS, January 23. /TASS/. The global oil giant BP sticks to investing in Russia despite the sanctions and has no plans to cut its share in Rosneft so far, the company’s CEO Bob Dudley said on the sidelines of the World Economic Forum in Davos, Switzerland on Friday.

“We absolutely stick to our investment into Russia and cooperation with Rosneft. We should be cautious, we’ve worked in line with the sanctions all the time, but it does not disturb our work with Rosneft on a number of projects and my own role in Rosneft board of directors,” Dudley said.

Global oil giant BP expects oil prices to hover around $50-60 a barrel in the next 2-3 years, Dudley continued.

“I’m witnessing the fourth serious fall in oil prices in my work experience. We know what to do. I think that we should make plans assuming that oil prices will remain in the range of $50-60 a barrel in 2-3 years. Rosneft has worked out a plan for 2015, and I think this plan is really conscientious,” Dudley said.

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