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Russia, Iran And Qatar To Form New Oil Cartel

October 21, 2008 BBC Western concerns about global energy markets hit new heights last night when Russia, Iran and Qatar said they were forming an Op

October 21, 2008 BBC

Western concerns about global energy markets hit new heights last night when Russia, Iran and Qatar said they were forming an Opec-style gas cartel. The move by the three countries, which control 60% of the world's gas reserves, was met with immediate opposition from the European commission, which fears the group could drive up prices.

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