Kazakhstan’s Ministry of Energy reported that the country will take all necessary measures to meet its obligations to OPEC+ in 2025 and 2026. Debates over cuts and compensations have been ongoing since last fall.
«In light of the 58th meeting of the Joint Ministerial Monitoring Committee, Kazakhstan confirms its commitment to the agreement with OPEC+. The country will take all necessary measures to fulfill its obligations and compensate for 2024 overproduction this year and next year,» the agency said in a statement.
During the meeting on Feb. 3, OPEC reported that Kazakhstan and Iraq have...