The Minister of Energy of the Republic of Kazakhstan participated in the fourth Ministerial meeting of OPEC member countries and non-OPEC states

On June 23, 2018, the delegation of the Republic of Kazakhstan headed by The Minister of Energy of the Republic of Kazakhstan K.Bozumbayev took part in the fourth Ministerial meeting of OPEC member countries and non-OPEC countries. This was reported in the press service of the department.

The ministerial meeting was chaired by the President of OPEC, the Minister of Energy of the United Arab Emirates Suheil al-Mazrui and the Minister of Energy of the Russian Federation A.Novak.

During the meeting, the participants discussed joint measures aimed at stabilizing the world oil market of oil, and for this purpose agreed to increase the total volume of oil production per million barrels per day.
Along with the OPEC countries and Kazakhstan, the fourth Ministerial Meeting was attended by Azerbaijan, Bahrain, Brunei, Gabon, Egypt, Congo, Malaysia, Mexico, Oman, Russia, Sudan, Uganda, Chad, Ecuador and South Africa.
By common efforts, OPEC countries and non-OPEC states managed to contribute to stabilizing the world oil market and restoring the confidence of investors in the oil industry. The preservation of the stability of the world oil market meets the interests of the Republic of Kazakhstan, in the economy of which the oil industry plays an essential role.

 Press service of the Ministry of Energy