Iran's oil minister, said over 100 U.S. dollars per barrel is not unrealistic

 Petroleum Exporting Countries (OPEC) rotating presidency, Iran's Oil Minister Masoud Mir - Kazemi 16, said international oil prices break through 100 U.S. dollars a barrel is not unrealistic, the OPEC emergency meeting is no need to do this.

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OPEC ministerial meeting decided to continue the last time crude oil production quotas unchanged. Iran, Venezuela and Libya hope that the international price of oil over 100 dollars per barrel to offset rising production costs, but Saudi Arabia is that the 70-80 dollar per barrel oil prices are more fair.

French oil giant Total, Christophe de Margerie, CEO of 16 said that the current high international oil prices, rising too fast, but he also believes that the current rise in oil prices driven by increased demand.