Iran says oil price could reach $150 per barrel on EU embargo

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29-01-2012 | 07:06
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Iran says oil price could reach $150 per barrel on EU embargo
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Iran says oil price could reach $150 per barrel on EU embargo
Iran said on Sunday that oil prices could reach $150 per barrel as a result of the European Union's ban on imports of oil from the country; deputy oil minister was quoted as saying by the official IRNA news agency.    

"Although a precise prediction cannot be made on the oil prices, it seems we will witness $120 to $150 oil price per barrel for future," said Deputy Oil Ministry Ahmad Qalebani.

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