NUR-SULTAN, Kazakhstan – Kazakhstan is thinking about an offer through the technical committee of the Group of Petroleum Exporting Nations (OPEC) and non-OPEC oil manufacturers led through Russia, a bunch referred to as OPEC + to scale back Kazakh oil manufacturing through 20,000-30,000 barrels consistent with day, Kazakh Power Minister Nurlan Nogayev informed journalists at the sidelines of a Cupboard assembly on 11 February.
“We’re taking into consideration the proposal to come to a decision. Our dedication thus far is 1.843 million. As a part of the proposal we’ve gained, we need to minimize about 20,000-30,000 barrels consistent with day,” Nogayev mentioned.
On the finish of closing yr, it was once reported that OPEC+ international locations, which come with Kazakhstan, is also advisable to additional scale back oil manufacturing through 500,000 barrels at the start of 2020.
Consistent with the Kazakh power minister, the OPEC + ministerial assembly would possibly happen in past due February or early March of this yr.
