×

Kazakhstan wants gradual exit from oil output cut deal - TASS

  • Kazakhstan wants a rise in output one or two months after OPEC deals expires
Workers at an oil well in Kazakhstan.
Shamil Zhumatov | Reuters
Workers at an oil well in Kazakhstan.

Kazakhstan wants a gradual exit from an OPEC-led deal on oil production curbs and a rise in output one or two months after its expiry, Kazakh Energy Minister Kanat Bozumbayev told Russia's TASS news agency on Sunday.

The Organization of the Petroleum Exporting Countries and other producers, including Russia and Kazakhstan, agreed to cut output from January this year until the end of March 2018 to reduce bloated global inventories and support weak oil prices.

Bozumbayev was speaking in Istanbul ahead of an energy conference due to start on Monday.