Kazakhstan plans to participate in OPEC meeting in November
Baku, Azerbaijan, Oct. 27
By Elena Kosolapova – Trend:
Kazakhstan plans to participate in the OPEC meeting on November 30 in Vienna, RIA Novosti quoted Kazakh Energy Minister Kanat Bozumbayev as saying.
Earlier OPEC sent invitations to 12 non-member countries to attend the next OPEC meeting.
"We have received OPEC’s invitation through the Ministry of Foreign Affairs, and at the technical level plan to attend the meeting,” Bozumbayev told journalists Oct. 27.
An officer of the Energy ministry will represent Kazakhstan at this meeting, Bozumbayev said.
In late Sept. OPEC agreed to cut its oil output for the first time since 2008. The group plans to reduce output to 32.5 million barrels per day (bpd) from current production of 33.24 million bpd. How much each country will produce is to be decided at the next formal meeting of OPEC in November. OPEC expects that non-OPEC oil producers, such as Russia, will join the agreement at this meeting.
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