Bank Of Baku

Kazakhstan pledges to meet OPEC+ obligations in 2025-2026

Kazakhstan pledges to meet OPEC+ obligations in 2025-2026
# 04 February 2025 11:38 (UTC +04:00)

Kazakhstan is prepared to fulfill its obligations to OPEC+ in 2025-2026, including compensation for overproduction of oil in 2024, APA reports citing the country's Energy Ministry.

"In light of yesterday's 58th meeting of the OPEC+ Joint Ministerial Monitoring Committee, Kazakhstan reaffirms its commitment to the OPEC+ Agreement," the ministry said in a statement on Tuesday.

"Kazakhstan will take the necessary measures in 2025 and 2026 to fulfill its obligations and compensate for the volumes overproduced in 2024," it said.

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