WorldKazakhstan will continue to increase oil production under the OPEC + agreement

Kazakhstan will continue to increase oil production under the OPEC + agreement


On Thursday, September 1, a ministerial meeting of the countries participating in the OPEC + agreement was held in the format of a video conference. Kazakhstan was represented at the meeting by the Minister of Energy Nurlan Nogayev, the press service of the Ministry of Energy of the Republic of Kazakhstan reported.

Nogayev thanked the meeting participants for the fruitful cooperation, noting that the measures taken have a beneficial effect on the world oil markets. Kazakhstan will continue to work on fulfilling its obligations under the OPEC + agreement.

As a result of the meeting, it was decided to continue the collective increase in the current production level by the OPEC + countries by 400 thousand barrels per day per month until the parties to the agreement lift the restrictions of 5.8 million barrels per day.

Thus, the OPEC + quota for Kazakhstan in September will amount to 1.508 million barrels per day, and each month production will increase by an average of 16 thousand barrels per day.

The Anadolu Agency’s website publishes in a shortened form . .(HAS).



Most Viewed

Trending