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.