Energy
Posted By OrePulse
Published: 07 Mar, 2025 12:30
Kazakhstan says it has tasked oil majors to cut output to meet OPEC+ quotas
By:zawya
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.
OPEC+ - consisting of OPEC countries and allies including Russia and Kazakhstan - decided on Monday to increase output for the first time since 2022. It said its decision took into account healthy market fundamentals and a positive market outlook, without mentioning Kazakhstan.
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