• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12496.94
    • RUB159.38
    • EUR14405.22
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +28°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    Kazakhstan plans oil output compensation amid OPEC+ commitment

    Kazakhstan plans oil output compensation amid OPEC+ commitment

    Kazakhstan's energy ministry announced on July 8 that it plans to offset its excess oil production over the OPEC+ quota in the first half of this year by September 2025. The ministry has outlined a comprehensive strategy for gradual compensation.

    Photo: Kazakhstan reaffirms its dedication to fulfilling OPEC+ obligations
    Source: Reuters

     

    Kazakhstan is one of eight OPEC+ nations that committed to additional voluntary production cuts without specifying exact output numbers. The energy ministry affirmed that Kazakhstan is dedicated to fulfilling its obligations and will diligently adhere to the planned compensation for any overproduction.

    "Kazakhstan will make every effort to comply with its obligations and compensate for overproduction in accordance with the intended compensation plan," the ministry stated.

    In June, Kazakhstan increased its oil and gas condensate production by 4% from May, reaching 7.24mn metric tons daily, surpassing its OPEC+ quota, according to sources and Reuters calculations.

    OPEC+ declared last month that it would gradually phase out production cuts from October 2024 to September 2025.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    09.07.2024, 13:57   Comments (0)   885
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    EIA forecats Kazakhstan oil production to 2.08mn barrels per day in 2025

    12.06.2024, 19:33

    Kazakhstan records over 2 mn tons in rail oil exports, up 9.5% in 5M24 

    16.06.2024, 14:03

    Kazakhstan to send oil for processing to foreign refineries

    27.06.2024, 21:20

    Kazakhstan explores water management partnerships with Chinese corporations 

    08.07.2024, 16:00

    Kazakhstan and OECD propose opening representative office 

    08.07.2024, 13:00

    Kazakhstan and Türkiye partner in medical education and practice 

    08.07.2024, 11:00
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Uzatom, Rosatom partner to develop ionization centers for medical and agricultural use in Uzbekistan

    Uzbekistan | 22 June, 16:33

    Uzbekistan could be affected by radiation from Iran in certain weather conditions, expert says

    Uzbekistan | 22 June, 12:30

    Foreign car prices in Uzbekistan see sharp decline in May

    Uzbekistan | 22 June, 10:30

    Uzbekistan, Afghanistan ink $9.5mn leather footwear export deal

    Uzbekistan | 21 June, 15:50

    Locusts sweep across 500,000 hectares in Uzbekistan as authorities intensify control measures

    Uzbekistan | 21 June, 12:32

    Uzbekistan's Kashkadarya region poised for $15bn growth as Mirziyoyev pushes reforms and investment

    Uzbekistan | 21 June, 10:36

    Kazakhstan boosts waste recycling from 1% to 25% in a decade, targets 40% by 2030

    Kazakhstan | 20 June, 15:30

    Uzatom, Rosatom sign agreement to explore feasibility of high-capacity nuclear plant in Uzbekistan

    Uzbekistan | 20 June, 14:36
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.