Kazakhstan Keeps Exceeding OPEC+ Quota With Record-High Oil Production

Dwindling body of water makes stunning comeback: 'The result of two years of systematic work'

A conservation project to revitalize the North Aral Sea in Kazakhstan has delivered encouraging returns, with the lake now nearly twice the size it was in 2008. According to the Astana Times, Kazakhstan's Ministry of Water Resources and Irrigation announced in January that its efforts, in coordination with the World Bank, increased the body of water's volume by 42%. As a result, the North Aral Sea now contains 27 billion cubic meters of water, a…

Kazakhstan Keeps Exceeding OPEC+ Quota With Record-High Oil Production

Kazakhstan’s combined crude oil and condensate production reached an all-time high in March, which further exceeded the country’s crude output ceiling under the OPEC+ deal. Kazakhstan, a non-OPEC producer part of the OPEC+ pact, pumped a record high 2.17 million barrels per day (bpd) of crude oil plus condensate last month, industry sources told Reuters on Tuesday. The output in March compares to an average production of 2.15 million bpd of crud…

The OPEC+ alliance, led by Saudi Arabia and Russia, decided this Thursday to increase its crude oil production by 411,000 barrels per day (bd) starting in May, which is an acceleration of the pace with which it had planned to return some of the volumes cut back to the market in recent years. The increase is on account of eight of the 22 member countries of the alliance, namely Saudi Arabia, Russia, Algeria, the United Arab Emirates, Iraq, Kazakh…

OPEC+ to discuss Kazakhstan output at Thursday’s meeting, sources say – Oil & Gas 360

(Investing) – LONDON – Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes, two delegates told Reuters. Record Kazakh output has angered several other members of the group, including top producer Saudi Arabia, sources have told Reuters. OPEC+ is urging the Central Asian country, am

OPEC+ to Discuss Kazakhstan Output at Thursday's Meeting - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes, two delegates told Reuters. Record Kazakh output has angered several other members of the group, including top producer ...

OPEC+ to discuss Kazakhstan output at Thursday's meeting, sources say

OPEC+ is urging the Central Asian country, among other members, to make further cuts to compensate for excess production