Kazakhstan's Energy Minister Yerlan Akkenzhenov met with OPEC Secretary General Haitham AlGhais in Astana today, reiterating the nation's strong commitment to the Declaration of Cooperation and joint efforts to ensure a stable global oil market.
Yerlan Akkenzhenov, Minister of Energy of Kazakhstan, held a significant meeting today with His Excellency Haitham AlGhais, Secretary General of OPEC, in Astana.
During their discussions, Minister Akkenzhenov reaffirmed Kazakhstan’s unwavering commitment to the historic Declaration of Cooperation (DoC). He emphasised the nation's readiness to continue collaborative efforts aimed at ensuring a stable global oil market.
Both Minister Akkenzhenov and Secretary General AlGhais highly assessed the positive results of their cooperation and the consensus outcome achieved during the recent meeting of the eight OPEC+ countries.
On Saturday, May 31, the eight OPEC+ countries of Saudi Arabia, Russia, Iraq, the United Arab Emirates, Algeria, Kuwait, Kazakhstan, and Oman, which had previously reduced output by 2.2 million barrels per day, agreed to increase production quotas by 411,000 barrels per day starting in July.
Kazakhstan reaffirmed its willingness to further work closely with OPEC and the countries participating in the Declaration of Cooperation. The Minister stressed Kazakhstan's dedication to strengthening stability in the global market, highlighting that these efforts are in the best interests of producers, consumers, and the global economy as a whole.
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