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Kazakhstan To Extend Voluntary Oil Production Cut
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 3. Kazakhstan will
extend the voluntary additional reduction in oil production by
82,000 b/d in the second quarter of 2024, the Ministry of Energy of
Kazakhstan said, Trend reports.
This extension is part of the OPEC+ deal. As a result, oil production in Kazakhstan will amount to 1.468 mb/d by the end of June 2024.
The additional volumes will be gradually returned to the market in the future to maintain market stability, depending on its condition.
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