NUR-SULTAN – The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC partners, a group of oil exporters called OPEC+, approved a slight increase in oil production at the 31st OPEC and non-OPEC Ministerial Meeting held via video conference on Aug. 3, reported the organization’s press service.
Kazakhstan’s obligations for September will be 1.710 million barrels per day. Photo credit: reuters.com
Minister of Energy Bolat Akchulakov represented Kazakhstan at the meeting.
“The group considered the commitment to the OPEC+ agreement in June and agreed to continue increasing the oil production by OPEC+ countries in September by 0.1 million barrels per day. Kazakhstan’s obligations for September will be 1.710 million barrels per day,” according to the report.
OPEC+ is a group of 23 oil-producing nations, made up of the 13 OPEC members, and 10 other non-OPEC states, including Kazakhstan.
The group’s next meeting is scheduled for Sept. 5.
