Iran will support prolongation of the transaction of OPEC+ until the end of 2018

Iran will support prolongation of the transaction of OPEC and a number of the countries which are not entering into the organization for reducing oil extraction until the end of 2018. It was said by the deputy minister of oil of Iran Amir Zamaniniya at the Oil and Money conference.

"Yes, we will support", - the "Prime" quotes the deputy minister.

The OPEC and a number of the countries which are not entering into the organization agreed at the end of 2016 in Vienna about reducing the oil extraction totally on 1,8 million barrels a day from the October level from which 300 thousand fall on Russia. The agreement was signed on the first half of the year 2017, and in May was extended for nine months - until the end of March, 2018.

The Russian President Vladimir Putin reported earlier that the agreement on reducing oil extraction if it is prolonged, then at least until the end of 2018.

The ministerial meeting of member countries of the agreement on reducing oil extraction will take place on November 29 in Vienna.

Related news

2014