Kazakhstan To Increase Oil Output Under New OPEC+ Production Plan

2026-06-08 02:45:01

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 8. Seven OPEC+ countries, including Kazakhstan, have agreed to a collective oil production increase of 188,000 barrels per day (kbd) for July 2026, aiming to maintain global oil market stability, Trend reports via OPEC.

The decision was finalized during a virtual meeting held on June 7, 2026, where representatives from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met to review global market conditions.

The production increments and the resulting required output levels for each country are established as follows:

Saudi Arabia will increase production by 62 kbd, bringing its required output to 10,353 kbd. Russia will also add 62 kbd, targeting a required production level of 9,824 kbd. Iraq will see a production increment of 26 kbd, reaching a required level of 4,378 kbd. Kuwait will raise its output by 16 kbd, with a required target of 2,644 kbd.

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