The Ministry of Energy of Kazakhstan has officially commented on breaching the oil production quota set under an agreement with OPEC+. The ministry said that Kazakhstan will gradually offset oil overproduction in the first half of the year by September 2025.
«Kazakhstan confirms its adherence to the OPEC+ Agreement and supports decisions made in conjunction with OPEC+ member states. After the 37th ministerial meeting of OPEC+, Kazakhstan prepared a detailed plan to gradually compensate for overproduction in the first half of the year by September 2025,» the ministry said in a statement.
The agency noted...