Kazakhstan in Talks With Big Oil to Cut Output ...Middle East

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party. Kazakhstan has been one of the most consistent laggards, alongside Iraq and Russia, but now it is trying to reverse the trend and make up for the excess production by cutting around 620,000 barrels daily. “We are in phases of discussions with the majors, we are having an open dialogue,” energy minister Almasadam Satkaliyev said, as quoted by Reuters,…

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Kazakhstan in Talks With Big Oil to Cut Output ...Middle East

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