The energy panel organized by Rosneft at SPIEF ended with the traditional oil price forecast from its participants. This year, the Company's CEO Igor Sechin and Nobuo Tanaka, Chairman of the Supervisory Board of the Japanese government's non-profit Low Carbon Technology Initiative, presented their vision of future developments.

Prof. Tanaka recalled that a year earlier the Energy Panel participants predicted an oil price of $60 per barrel. “This year I am afraid that the price may exceed 100 dollars due to the crisis that is currently taking place in the Middle East,” - said the Japanese expert, who headed the International Energy Agency in 2007-2011.

In turn, the CEO of Rosneft responded to this by saying: "Whatever it (oil price - ed.) is, it is difficult for us to guess what will happen. Nobody knows. As Machiavelli once said, “The power of authority lies in its secrecy”.

At the same time, Igor Sechin named the price that the Company has set in its business plan for 2025 and 2026: "We do not know what geopolitical factors will affect the market. But whatever they are, our company Rosneft puts 45 dollars in its business plan for this year and 42-43 dollars for the next year. We do not want to depend on this volatility," he said.

Department of Information and Advertising
Rosneft Oil Company
June 21, 2025