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Sunday, March 23, 2025 11:28 GMT
Kazakhstan is producing oil above its OPEC+ quotas and has tasked oil majors to cut production, Energy Minister Almassadam Satkaliyev said on Friday. Kazakhstan is currently producing at a record high, and well above its target.OPEC+ - consisting of OPEC countries and allies including Russia and Kazakhstan - decided on Monday to increase output for the first time since 2022. It said its decision took into account healthy market fundamentals and a positive market outlook, without mentioning Kazakhstan.