The extension by 24 nations "is nine months" from March 31 until the end of 2018, Jabbar al-Luaibi told reporters after talks in Vienna.
The producers were expected to confirm the agreement at a news conference shortly.
The accord among the 14 members of the Organization of the Petroleum Exporting Countries and 10 others including Russia was first struck a year ago and was already extended once until March 31, 2018.
The aim is to reduce a global excess in supply that has pushed oil prices lower and left a huge hole in the finances of producer nations, despite making life easier for buyers of crude.
The situation has been helped by improved economic conditions, notably in energy-hungry China, that have boosting demand for crude.
Higher prices have been of little help to OPEC member Venezuela, however, teetering on the brink of a full-blown debt default.
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