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OPEC + countries agree to extend deal; difficulties may arise with charter and fees

Organizational costs are insignificant compared to the benefits from participating in the transaction, according to Saudi energy minister

VIENNA, July 2. / TASS /. OPEC + countries have agreed to extend the transaction to reduce oil production until April 2020, difficulties in today's negotiations may arise with the charter and cash contributions of the participating countries, required for organizational support of the transaction, which is carried out by the OPEC secretariat, two sources in deligations told TASS reporter on Tuesday.

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OPEC approves extension of deal on cutting oil production for 9 more months

"The extension was approved by everyone. There are questions regarding the charter," said one of the TASS interviewees. These questions, he said, relate to "contributions." Another source also confirmed that the extension of the agreement was approved, formalities remain.

Earlier, the Minister of Energy of Saudi Arabia, Khaled al-Faleh, said that the charter is scheduled to be signed today, what's left to discuss are the budget and contribution fees. However, he noted that their amount is insignificant compared to the benefits from participating in the transaction.

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European Commission considers Oreshnik's strike on Ukraine warning to EU, US — spokeswoman

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US government mulls holding nuclear test, but has no clear plan yet — energy secretary

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US President Trump instructs JSOC to draft Greenland invasion plan — UK daily

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Venezuelan authorities declare constancy of foreign policy — Russian envoy

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