Kazakhstan will take measures to compensate for its oil overproduction

Kazakhstan will compensate for exceeding its oil production obligations by 45,000 barrels per day in May, the Energy Ministry reported on June 12.

Kazakhstan will fully comply with its June production quotas, including additional cuts. Overproduction from early 2024 will be compensated by September 2025. The updated compensation schedule will be submitted to OPEC soon.(Source:astanatimes)

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