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Kazakhstan in talks with oil producers about output cuts, Ifx reports
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Kazakhstan in talks with oil producers about output cuts, Ifx reports
Apr 10, 2025 4:20 AM

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Kazakhstan says it exceeded OPEC+ output quota in March

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Country pledges to fulfil its obligations in April

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Kazakhstan says it didn't cut CPC oil exports in March

(Recasts, adds detail)

ALMATY, April 10 (Reuters) - Kazakhstan has been in

talks with oil producers about reducing output, which has been

above the country's OPEC+ quota, Interfax news agency reported

on Thursday citing the energy ministry.

Kazakhstan has been pumping oil above the limit agreed by

the Organization of the Petroleum Exporting Countries and its

allies led by Russia for months.

OPEC+ members have been pressing Kazakhstan to reduce output

to honour the agreed quotas.

Kazakhstan's energy ministry said on Thursday that the

country exceeded its OPEC+ quota in March but will fulfil its

commitments in April and partially compensate for earlier

overproduction, according to Interfax.

Numerous Western majors, such as Chevron ( CVX ), Shell

, ExxonMobil ( XOM ), TotalEnergies and Eni

, are active in Kazakhstan, a top 10 global oil

producer.

A production boost at the Chevron ( CVX )-led Tengiz oilfield,

Kazakhstan's largest, has been the main contributor to the

country's overall increase in oil output.

Interfax also cited the energy ministry as saying that

Kazakhstan did not cut oil exports via the Caspian Pipeline

Consortium (CPC) last month.

According to industry sources, expected Black Sea CPC Blend

oil exports for April were revised down. The pipeline's

infrastructure suffered from Ukrainian drone attacks in February

and March. Russia also restricted CPC's exporting capacity at

the Black Sea, which was partially restored earlier this week.

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