OPEC+ configured to continue cooperation, said al-falih

© RIA Novosti / Alexei Vitvitskiy in fotobanka OPEC meeting in Vienna. Archival photoOPEC+ configured to continue cooperation, said al-falih© RIA Novosti / Alexei Vitvitskiy the image Bank

Almost all States parties of the transaction OPEC+ are determined to continue the cooperation after 2018, but its format is not yet decided, said the Minister of energy of Saudi Arabia Khalid al-falih.

«While we have not agreed on the mechanism, but almost all States are willing to continue cooperation after 2018,» said the Saudi Minister.

Until the end of 2018, the agreement OPEC+ on the reduction of oil production. In the framework of OPEC and several non-organisation countries (OPEC+) agreed to reduce their total production to 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia.

Sunday in Oman held a meeting of the OPEC Ministerial Committee that was established to monitor compliance with the Vienna agreement and to make recommendations for its improvement. It includes the representatives of Saudi Arabia, Venezuela, Kuwait, Algeria, Oman and Russia.

OPEC+ configured to continue cooperation, said al-falih© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC