In 2006, the price of crude averaged $66.05, with a year high of $77.05, but two years later, the price nearly doubled to a year high of $145.31 per barrel.
But now as the country is on the verge of taking its project to oil production and export, the price is just below $50 – recovering from a plunge below zero in the US, while the OPEC basket sold at $12.2 in April.
