ASTANA, Kazakhstan, July 15. Kazakhstan remains
committed to its obligations under the OPEC+ agreement and is not
considering leaving the alliance, said Prime Minister of the
Republic of Kazakhstan Olzhas Bektenov at a Government briefing
today, Trend
reports.
According to Bektenov, within the framework of OPEC+, Kazakhstan
is making every effort to fulfill its obligations.
“In this particular period, we have not always succeeded, due to
the implementation this year of an expansion project at the Tengiz
field. Returning to the production sharing agreement, all of this
is stipulated. We have always said that once we complete the
project, we will exceed our forecasted obligations,” Bektenov
noted.
According to the Ministry of Energy, in June 2025, the volume of
crude oil shipments from Kazakhstan amounted to 1.86 million
barrels per day. This is higher than the level in May (1.78 million
barrels per day) and exceeds the quota set under the voluntary
OPEC+ agreement by almost 500,000 barrels. The increase is related
to technological and infrastructural features of the production
expansion at the country’s largest oil field, Tengiz.
OPEC+ is a coalition of 23 oil-producing countries that includes
the 13 members of the Organization of the Petroleum Exporting
Countries (OPEC) and 10 additional non-OPEC producers. Formed in
2016, the alliance was established to coordinate oil production
policies, stabilize global oil markets, and influence oil prices by
adjusting supply levels.