Kazakhstan Fulfilled OPEC+ Obligations

The 56th meeting of the OPEC+ Joint Ministerial Monitoring Committee was held today, October 2, 2024. Crude oil production data for July and August 2024 and current market conditions have been analyzed.

Iraq, Kazakhstan, and Russia have confirmed the complete fulfillment of their obligations per the September compensation plans. The three countries have also confirmed that they will continue to fulfill their commitments and compensations until the end of the remaining period of the Agreement.

The monitoring office will continue to follow compliance with all obligations and additional voluntary reductions. Additionally, they will consistently assess market conditions.

The next meeting of the committee will be on December 1, 2024.