OPEC+ and Kazakhstan to pump more oil in August

Kazakhstan and other OPEC+ countries will increase oil production in August to help maintain market stability, the group announced. The increase is part of a phased rollback of voluntary production cuts.

The eight OPEC+ countries — Kazakhstan, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Algeria and Oman — agreed to adjust production levels in August 2025. The group plans to raise output by 548,000 barrels per day compared to July 2025 levels. The decision comes amid a stable global economic outlook and low oil inventories, signaling a healthy market, according to OPEC.

However, OPEC+ noted it reserves the right to pause or alter the pace of production increases depending on market conditions.

The eight countries also reaffirmed their commitment to fully offset any overproduction that has occurred since January 2024. They will continue to meet monthly to review market dynamics, monitor compliance with production quotas and discuss compensation measures.

The next OPEC+ meeting is scheduled for Aug. 3, when production targets for September will be determined.

OPEC’s overall oil production recently posted its fastest growth in four months, with Saudi Arabia leading a surge in exports from the Middle East as it seeks to recover market share.

Kazakhstan’s stance

Kazakhstan has frequently exceeded its oil production quotas under the OPEC+ agreement.

In an April interview with Reuters, Kazakh Energy Minister Yerlan Akkenzhenov said Kazakhstan would independently set its future oil output levels, adding that the ministry fully supports increased production at the country’s largest oil field Tengiz, operated by Tengizchevroil.

In May, Kazakhstan’s Energy Ministry issued a statement denying it was under pressure from OPEC+. The ministry emphasized that the country remains committed to the OPEC+ agreement and will continue to meet its obligations in support of global energy market stability.