Astana 7 °С
Almaty 16 °С
Exchange rates
USD 421.58
EUR 496.83
RUB 5.53
CNY 62.20

Kazakhstan backs OPEC+ extra oil output cuts

7 December 2019 14:40

NUR-SULTAN. KAZINFORM On December 6 the 7th OPEC and non-OPEC Ministerial Meeting took place in Vienna, Austria.

It agreed to cut output by an extra 500,000 barrels a day till the end of the first quarter of 2020.

Kazakhstan supported this decision assuming the commitment to cut oil output by 17,000 barrels a day. Consequently, the country’s current liabilities under the current agreement, reached last December, stand at 1,843 mln barrels a day.

Keywords: Oil & Gas, Kazakhstan,