US visa suspension move tramples on idea of freedom — senior Russian diplomatRussian Politics & Diplomacy August 23, 6:19
Bout barred from calling out of US jail, meeting relatives for 2 months - lawyerWorld August 23, 4:57
Russia marking day of defeat of Nazi forces in world’s biggest-ever armor operationSociety & Culture August 23, 3:18
Ukrainian president briefs other Normandy Four leaders about his trip to DonbassWorld August 23, 2:23
Normandy Four leaders support expected ceasefire in Ukraine — KremlinRussian Politics & Diplomacy August 23, 0:27
Russia beggining development of response to new anti-Russian sanctions by USRussian Politics & Diplomacy August 22, 23:14
Investigators claim to have enough evidence to prove Serebrennikov guilty of fraudRussian Politics & Diplomacy August 22, 21:35
Washington tries to use events in Khan Shaykhun to justify its strike on Syria — MoscowRussian Politics & Diplomacy August 22, 21:31
Egypt to receive 15 Russian 'Alligator' helicopters in 2017Military & Defense August 22, 19:57
VIENNA, May 23. /TASS/. Representatives of OPEC and non-OPEC nations will discuss the extension of the agreement on oil production cut for six and nine months with the current quota at the meeting in Vienna on May 25, Ecuadorean Oil Minister Carlos Perez said Tuesday.
"Both proposals are on the table at the moment, six and nine months. I think that the majority is supporting nine months," he said.
When asked whether the participants plan to negotiate an increase in quotas, the minister said: "Not at this point I think."
Algerian Energy Minister Noureddine Boutarfa also said on Tuesday that OPEC was discussing a nine-month extension to the agreement. "Right now we are talking about nine months," he said.
OPEC, Russia and a number of non-OPEC oil-producing countries will discuss the extension of the agreement on reduction of oil output for another nine months at a meeting in Vienna on May 25. Saudi Energy Minister Khalid al-Falih said earlier that all participants of the deal have already given a preliminary consent to the extension of the production cut until end-March 2018.
In early December 2016, OPEC countries and eleven non-OPEC nations agreed to slash the total oil production by 1.8 mln barrels per day in the first half of this year in order to cut global oil stocks to the latest five-year average.