AKIPRESS.COM - Russian Energy Minister Alexander Novak said Kazakhstan is committed to fulfilling the OPEC agreement on oil output cut.
The energy ministers of Russia, Saudi Arabia and Kazakhstan did not discuss any adjustments to output levels Kazakhstan agreed to as part of a global oil output deal, Novak said.
"No, we did not discuss (it)," Novak was quoted by Russian news agencies as saying after talks between the three ministers on Saturday.
As part of a global deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries, Astana pledged to keep overall production at 1.7 million barrels per day (bpd), Reuters reported. But Kazakh Energy Minister Kanat Bozumbayev said last month that Kazakhstan would need to adjust the terms of the deal as it expects to boost output later this year thanks to the giant Kashagan field.