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Shmatko also said that Russia was planning to form a cartel of gas producing countries along with Iran and Qatar, The Times of India newspaper reported. He gave no other details. He warned that 2009 would be a difficult year for oil markets. "How long this situation will last is difficult to say. The year 2009 is going to a difficult year as there will be pessimistic views and recession in oil markets," Shmatko was quoted as saying. "In the forthcoming years, there will be a significant fall in oil prices."
[Associated
Press]
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