Iraqi Oil To Control World Oil Prices

The high prices of oil will remain so for a long time according to the opinion of Gennady Shmal, Russian Oil and Gas Industrialists' Union president and chairman of the board of directors of the company Rosneftegazstroy.
"I think we will see the oil prices remaining within the price corridor of $28 to $32 p/b for a long time ", Shmal said, emphasizing that the Urals oil is meant.
He assumes Iraqi oil will take time affecting the world prices of oil. "A year has passed since the start of the operation in Iraq but nothing has happened in the Iraqi oil industry. It has not yet been rehabilitated or even set to, ? Shmal said. ?Iraqi oil will control the world oil prices in three years.?
Commenting on the evacuation of Russian specialists from Iraq, he voiced the hope that "it is a matter of time. ?
Gennady Shmal hopes that the companies will be able to return to Iraq in three to four months to come. "If only the Americans take the right steps. They are interested in Iraqi stabilization, ? he noted.