OPEC+ Members Agree on Slight Increase in Oil Production

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.

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