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Kazakhstan's obligations under OPEC+ unveiled

Oil&Gas Materials 3 June 2022 10:05 (UTC +04:00)
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, June 3. Kazakhstan's obligations under the OPEC+ agreement will amount to 1.68 million barrels per day for July, Trend reports citing Kazakh Energy Ministry.

The agreement was reached as a result of the 41st meeting of the Joint Ministerial Monitoring Committee and the 29th OPEC+ Ministerial Meeting

The meetings discussed the fulfillment of obligations by the countries under the Agreement in April.

As a result of the meeting, the parties decided to continue increasing the current level of production countries by 0.648 million barrels per day for July and extending the overproduction compensation period until December 2022.

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