Kazakhstan: OPEC Requesting Further Production Cuts

The Organization of Petroleum Exporting Countries (OPEC) has received updated compensation plans from several member states for previously exceeding oil production quotas, with Kazakhstan facing the heaviest burden, Orda.kz reports.

According to Reuters, the OPEC Secretariat reviewed new figures from Kazakhstan, Russia, Iraq, Oman, the UAE, and Kuwait. At an online meeting with these countries, OPEC stressed the need for full implementation of compensation plans.

Kazakhstan, already leading in production cuts, has now been assigned even stricter obligations and will provide the bulk of the compensatory reduction, followed by Iraq, the UAE, and Russia.

Under the updated plan, Kazakhstan must compensate 2.917 million barrels per day from September 2025 to June 2026 — up from 2.63 million barrels per day at the start of September. The country’s share now accounts for an unprecedented 62% of all OPEC+ compensatory reductions, with cuts in the hundreds of thousands of barrels per day starting December 2025.

The Energy Ministry has not commented on how Kazakhstan will meet these quotas, especially as rising oil output and the Tengiz expansion were among the key economic drivers this year.

In July, Prime Minister Olzhas Bektenov reiterated that Kazakhstan has no intention of leaving the OPEC+ deal, despite mounting calls from analysts to reconsider its participation.

Original Author: Nikita Drobny