Chakib Khelil expects oil rise to 80 $ next year

Algerian oil and mines minister Chakib Khelil expects oil barrel price to rise to 80 $ a barrel next year.

Khelil said that world economy start to rise gradually specially in USA.

He added that oil barrel price may rise from 50 $ to 70 $ between the end of 2009 and begin of 2010 before it rise again to 80 $.

OPEC says that 75 $ a barrel is a suitable price for investment in oil sector.