* Iran: the price of oil could reach $ 150 because of the EU embargo
29.01.2012 | (Voice of Iraq) – Add comments – TEHRAN (Reuters) news agency quoted the Islamic Republic of Iran’s deputy oil minister as saying on Sunday that crude prices could reach $ 150 a barrel because of the ban imposed by the European Union on the import of oil of his country.
Ahmed said Fort Builder “Although difficult to predict oil prices accurately but it seems we will see the price of oil from 120 to 150 dollars a barrel in the future.” crude rose Brent to around 111.50 dollars a barrel Friday in light of expectations that the vote in the Iranian parliament to halt oil exports to the EU in the next week in response to the Union plans to stop its imports of Iranian oil by July. and contributed to the escalation of tension between Iran and Western powers over Tehran’s nuclear program, including the threats of the Islamic Republic to close the Strait of Hormuz in the payment of Brent crude to rise about eight dollars a barrel since mid-December. It is expected to discuss Iran’s parliament this week a bill to halt oil supplies to the European Union within days in response to a resolution approved by the member states of the Union address on Monday to stop importing crude oil from Iran by July. and the imposition of the Union also economic sanctions, the other is bound to the United States in a new round of measures aimed at blocking the advance of Iran’s nuclear program. The Fort builder also said the foreign oil companies to renew its long-term with Tehran or face the consequences of loss of earnings from the second-largest oil producer in the Organization OPEC.
The * Iran: the price of oil could reach $ 150 because of the EU embargo by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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