Kazakhstan says it has tasked oil majors to cut output to meet OPEC+ quotas
Kazakhstan is producing oil above its OPEC+ quotas and has tasked oil majors to cut production, Energy Minister Almassadam Satkaliyev said on Friday. Kazakhstan is currently producing at a record high, and well above its target.
Kazakhstan's Record Output Influences OPEC+ Oil Production Decision
OPEC+ decided to increase oil output for the first time since 2022, influenced by record production in Kazakhstan. The decision aims to unwind cuts equating to nearly 6% of global demand. This step follows internal dissent over compliance,
As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure ...
Offshore Technology on MSN3d
Kazakhstan expects to raise CPC oil exports by 12% in MarchKazakhstan is set to augment its oil supplies through the CPC pipeline by 12% in March compared with the previous month, ...
The meeting involved eight OPEC+ countries that previously announced additional voluntary adjustments in April and November ...
Kazakhstan reaffirms its unwavering commitment to the OPEC+ agreement, the statement said ASTANA, March 4. /TASS/. The Kazakh authorities have undertaken all necessary measures to ensure the ...
GlobalData on MSN4d
Kazakhstan’s oil output hits record high in FebruaryKazakhstan increased its crude oil and gas condensate production to a record high of 2.12 million barrels per day (bpd) in ...
OPEC and its allies are once again faced with a difficult choice next week--extend production cuts or increase its own market ...
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