Kazakhstan will reduce oil production for market stabilization

Kazakhstan continues to reduce oil production within the agreement of the countries OPEC. Ministry power industry of Republic of Kazakhstan were confirmed by intention of the country to reduce oil production since January, 2024 within the agreement of the countries OPEC by 82 thousand barrels per day. These measures have to prevent uncertainty and volatility in the market, reported in the Ministry of Energy. Department began negotiations with the large oil-extracting companies on...