Astana, 29 August 2024 (TDI): Prime Minister Olzhas Bektenov has said that Kazakhstan is committed to further cooperation within the Organization of the Petroleum Exporting Countries (OPEC+).
In a meeting with OPEC Secretary General Haitham Al Ghais, he said that Astana supported the initiatives of the organization, accepted restrictions along with other nations, including on current voluntary commitments.
He highlighted OPEC’s significant role in ensuring the stability of the global oil market, underlining that coordinated actions by oil producers and exporters within the group to help mitigate possible negative impacts and stabilize the market.
The OPEC Secretary General acknowledged Kazakhstan’s important role in the international oil market and commended the country’s efforts to maintain market balance.
The parties confirmed their intention to continue productive and successful cooperation after the meeting.
Kazakhstan has been a member of the OPEC+ Agreement since 2016, with more than 90 subsoil users engaged in oil production in the country.
