Kazakhstan is ready to take measures to fulfill obligations under OPEC+

On February 3, the 26th meeting of the OPEC+ Joint Ministerial Monitoring Committee was held in the format of a video conference, the press service of the ME of the RoK reports.

The meeting noted positive trends in the global oil market, thanks to the measures taken to reduce production.

Global economic growth is projected at 4.4% in 2021, with global oil demand reaching 95.9 million barrels per day (an increase of 5.6 million barrels per day compared to 2020).

There was also an improvement in the indicators for fulfillment of obligations by the countries participating in the Agreement for December (101%, of which OPEC countries - 103%, non-OPEC countries - 93%).

Kazakhstan, in turn, expressed its readiness to take further measures to fulfill its obligations and compensate for previously overfulfilled volumes.

(Photo from finance.kz site)

Unofficial translation