Twenty injured in Russian airstrike on Zaporizhzhia, Ukraine
Twenty people were injured when Russian forces launched guided aerial bomb strikes on the city of Zaporizhzhia, targeting the central bus station and ...
Kazakhstan will remain part of the OPEC+ oil production deal but is opening talks to revise contracts with foreign investors at its largest oil and gas fields, Prime Minister Olzhas Bektenov said on Tuesday.
Speaking at a press conference, Bektenov confirmed that while Kazakhstan has exceeded its production quota in recent months, it is not considering pulling out of the OPEC+ agreement.
“We will strive to fulfil our obligations, but with national interests in mind,” he said.
Oil exports in June reached 1.86 million barrels per day — that's about 500,000 barrels above Kazakhstan’s current OPEC+ limit. The increase is largely due to the expansion of the Tengiz oil field under the $49 billion Future Growth Project, which is expected to boost annual output by 12 million tons.
Bektenov explained that the government has limited control over production at fields such as Tengiz, Karachaganak, and Kashagan, where foreign companies hold major stakes.
“We cannot demand that our partners reduce production,” he said.
Instead, Kazakhstan has begun discussions with international firms to revise existing production sharing agreements (PSAs) in an effort to secure more national revenue from oil and gas operations.
“There is a view that the country’s interests are not fully reflected in the existing agreements,” Bektenov said, adding that any changes would be made carefully to protect the investment climate.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Israeli Prime Minister Benjamin Netanyahu said Sunday that the conflict in Gaza will end once Hamas is disarmed and hostages are freed, unveiling a five-point plan for the territory’s future while accusing international media of spreading “Hamas lies.”
On 10 August, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of the Republic of Azerbaijan Ilham Aliyev.
Armenia’s Deputy Foreign Minister Vahan Kostanyan has described the joint peace declaration signed with Azerbaijan in Washington as “historic” and an opportunity to advance normalisation with Türkiye.
More than 100,000 people filled the streets of Tel Aviv on Saturday night to oppose Prime Minister Benjamin Netanyahu’s plan to expand the nearly two-year Gaza war, demanding an immediate ceasefire and the release of hostages.
President Ilham Aliyev’s working visit to the United States featured high-level talks, landmark agreements, and a historic peace signing, marking a turning point in Azerbaijan’s relations with Washington and the wider South Caucasus.
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