Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
VIENNA, May 25. /TASS/. Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC), according to the Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih.
Earlier Khalid Al-Falih told reporters that a new member in the cartel will contribute an "insignificant change" to the distribution of quotas to reduce oil output.
"The share of the reduction will extend to them," he said.
The minister also said that Turkmenistan and Egypt, that earlier indicated their intention to join the deal, will not take part in the negotiations this time.
Until May 25, OPEC had 13 members, including Saudi Arabia, Iraq, Iran, the United Arab Emirates, Kuwait, Algeria, Qatar, Venezuela, Ecuador, Nigeria, Libya, Angola and Gabon. Before November 2016, the cartel also included Indonesia, but its membership was suspended, as the country did not comply with the status of a net oil exporter.
A meeting between OPEC and non-member countries is held in Vienna, where the states are discussing extending the agreement on reduction of oil production for 9 months - until March 2018.