Technometer gave a preliminary assessment of the implementation of the transaction OPEC+ in October

© RIA Novosti / Alexei Vitvitskiy in fotobanka OPEC. Archival photoTechnometer gave a preliminary assessment of the implementation of the transaction OPEC+ in October© RIA Novosti / Alexei Vitvitskiy the image Bank

A technical Committee of experts of the OPEC+ preliminary estimates the implementation of the Vienna agreement by all member countries in October at 104%, told reporters the delegate from Algeria to OPEC, Ashraf Benhassen.

«This is a preliminary assessment because we lack a single source of information,» he said after a meeting of techamerica.

«It is about 104 per cent,» he said in answer to the question, what is the preliminary assessment Committee.

On Saturday, a meeting of techamerica monitoring of the Vienna agreement. This Sunday there will be a Ministerial meeting of the monitoring Committee, which includes representatives of only six States from all 25 countries participating in the agreement.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of oil production to 1.8 million barrels per day from the level of October 2016, of which 300 thousand were in Russia. Oil production in Russia in October 2016 was $ 11,247 million barrels per day. From this level, Russia has reduced oil production by 300 thousand barrels per day, up to 10,947 million barrels per day.

The contract started from the beginning of 2017 and has been extended until the end of 2018. In June 2018 OPEC+ agreed goal is to escape from the fulfillment of the terms of the agreement, which then accounted for 47%. We explained that in practice this will mean increasing production by 1 million barrels per day.

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