Kazakhstan will continue to increase oil production under the OPEC+ agreement

Today, on April 1, a ministerial meeting of the OPEC+ member countries was held in the format of a video conference, the press service of the Ministry of Energy of the Republic of Kazakhstan reports.

As a result of the meeting, it was decided to collectively increase the current level of production by OPEC+ countries in May by 350 thousand barrels/day, in June by 350 thousand barrels/day and in July by 450 thousand barrels/day.

Thus, Kazakhstan's obligations under OPEC+ in May will amount to 1.463 million barrels per day, in June to 1.469 million barrels per day, and 1.475 million barrels per day in July.

(Image from the KazTAG website)

Unofficial translation