Kazakhstan reaffirms commitment to voluntary oil production cuts agreed by OPEC+

Today, in Astana, Minister of Energy of Kazakhstan Almassadam Satkaliyev held a trilateral meeting with Chairman of the OPEC+ Group His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of the Kingdom of Saudi Arabia, who joined the meeting via phone, and Co-Chairman Alexander Novak, Deputy Prime Minister of the Russian Federation in person, Kazinform News Agency cites the Kazakh Energy Ministry.

During the meeting, the participants highlighted the importance of maintaining stability and balance in global oil markets and highlighted the significant role played by the OPEC+ Group in this regard.

Kazakhstan affirmed its full commitment to the Agreement, the voluntary production cuts, and compensating in accordance with the updated Compensation plan submitted to the OPEC Secretariat.