CERAWEEK-Kazakhstan in talks with oil majors to cut output, energy minister says
ReutersMar 10, 2025 8:07 PM
HOUSTON, March 10 (Reuters) - Kazakhstan is in discussions with oil majors to cut oil output to bring the country's supply back in line with OPEC+ targets, the country's energy minister Almasadam Satkaliyev said on Monday.
"We are in phases of discussions with the majors, we are having an open dialogue", Satkaliyev said on the sidelines of the CERAWeek conference in Houston.
Speaking at an online briefing last week, officials from Kazakhstan, which has frequently exceeded the OPEC+ production quotas, pledged to cut output in March, April and May to compensate for pumping above targets in previous months.
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