Petrol CEO Does Not Expect Oil Prices to Ease Off

Ljubljana, 22 June - Janez Lotric, the chief executive of oil company Petrol, believes the price of crude oil, currently at about US$ 57 a barrel, will remain high rather than drop below US$ 40. A drop cannot be expected until investments in refineries, which have been neglected for 10 or 20 years, wrap up, Lotric said on Wednesday.