Kazakhstan to compensate OPEC+ for March oil production overshoot of 131,000 bpd due to weather conditions.
Kazakhstan will compensate for exceeding its oil production quota under the OPEC+ agreement in March, according to the country's energy ministry. The overshoot, estimated at 131,000 barrels per day, was due to weather conditions and heating requirements. Kazakhstan plans to submit a compensation plan to the group's monitoring committee by April 30.
April 14, 2024
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