OIL GAS DRILLING TECHNOLOGY UPDATES

Hydrocarbons occupy a vital role in our life and continue to play an important role for many more years to come. We need to follow all technological innovations to continue our productivity standards to achieve our production targets. Let us extend our vision to achieve this mission.

Saturday, December 31, 2011

Iran says crude will exceed $200 if its oil sanctioned

TEHRAN Dec 31 (Reuters) - Iran's oil minister said crude prices will rise to more than $200 per barrel if foreign sanctions are imposed on the country's oil exports over its disputed nuclear work, the Aseman weekly reported on Saturday.

"Undoubtedly the price of crude will increase dramatically if sanctions are imposed on our oil ... It will reach at least over $200 per barrel," Oil Minister Rostam Qasemi told the weekly. (Writing by Parisa Hafezi; editing by David Stamp)

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