No Plans to Leave OPEC+ - Energy Minister
Photo: Gov.kz
Kazakhstan has no plans to withdraw from the OPEC+ agreement, despite repeated warnings over exceeding oil production quotas, Orda.kzreports.
Speaking to journalists in the corridors of the Majilis, Akkenzhenov commented on whether Kazakhstan was considering leaving the organization.
No! What kind of question is that? Where did this even come from, that Kazakhstan is considering leaving OPEC? There is no such question on the agenda,
he said.
The Minister added that Kazakhstan is waiting for the next meeting of OPEC+ member states, after which further comments may be made.
Akkenzhenov also addressed the topic of increasing Russian oil transit to China by 2.5 million tons. He confirmed that the idea is under review.
It may be necessary to build additional oil pumping stations and expand the linear part. But this is not certain yet, we are currently considering all of this. On our side, the study is underway, on the Russian side, the study has been completed. The commission is working,
he explained.
The Minister noted that technical discussions with the Russian side are expected to conclude in the coming months, after which preparations to amend and ratify the relevant intergovernmental agreement will begin.
Original Author: Nikita Drobny
Latest news
- Kazakhstan’s IT Market Slows After Years of Rapid Growth, but Salaries Keep Rising
- Why the Oil Price Spike Did Not Help Kazakhstan’s Budget Much, the Ministry Explained
- Why More Women in Kazakhstan Are Working Beyond the 40-Hour Week
- Drone Strikes on CPC Drag Down Kazakhstan’s Oil and Gas Output
- New Parking Rules Approved in Astana: How Much Will Drivers Pay and Who Is Exempt?
- Shell and Eni Replaced in Karachaganak Gas Plant Project
- Economist Calculates How Much Income Kazakhstanis Actually Keep
- Samruk-Kazyna Raises 3 Billion Yuan on AIX in Record-Low Panda Bond Deal
- Kazakhstan to Build Four New Airports by 2028
- State-Owned Plant in Atyrau Tried to Buy Sturgeon Caviar for Nearly 150 Million Tenge
- Chaos and Delays at the Border: Kazakhstan Wants to Bring Queues Under Control With New Rules
- Major Illegal Migration Channel Dismantled in Shymkent
- “A Shameful Sight”: Dump Near Altyn-Emel Caught on Video
- Kazakhstan Is Preparing to Increase the Scrap Fee on Cars From Russia
- Work Permits For Migrants To Go Fully Online As PSCs End Service
- Kazakhstanis Expect Higher Inflation but Remain Optimistic About the Future
- Support For Rural Doctors Doubles Amid Staffing Shortage
- South Korean Shareholder To Inject 4.7 Billion Tenge Into Kazakhstan’s Only Loss-Making Bank
- Tokayev Finishes Uzbekistan Trip With Focus on Trade and Environmental Cooperation
- Kashagan Operator Accused Of Stalling Sulfur Fine Pending Washington Arbitration
