OPEC+ reaffirmed their commitment to the Vienna deal, said Novak

© RIA Novosti / Alexei Vitvitskiy in photobacteria OPEC in Vienna. Archival photoOPEC+ reaffirmed their commitment to the Vienna deal, said Novak© RIA Novosti / Alexei Vitvitskiy the image Bank

All OPEC+ reaffirmed their commitment to the agreement on the reduction of oil production, told reporters Minister of energy of Russia Alexander Novak.

«All the parties to the agreement reaffirmed their commitment to implement the agreement», — said Novak after the meeting of the Ministerial Committee for monitoring the implementation of the Vienna agreement.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of its oil production to total 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia. In November 2017, the parties extended it until 2018.

To monitor compliance with the agreement and recommendations for its improvement was created by the Ministerial monitoring Committee. It includes the representatives of Saudi Arabia, Venezuela, Kuwait, Algeria, Oman and Russia. In Oman on Sunday, the regular meeting of the Committee.

OPEC+ reaffirmed their commitment to the Vienna deal, said Novak© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC

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