Kazakhstan Has Declared Its Commitment to Cooperation Within the Framework of OPEC+
The Kazakh authorities intend to continue cooperation within the framework of OPEC+. This was stated by the head of the Government of the republic Olzhas Bektenov at a meeting in Astana with OPEC Secretary General Haitham al–Gais. “Kazakhstan is committed to further cooperation within the framework of OPEC+. We support …
KazMunayGas Plans to Produce an Additional 70 Million Tons of Oil Due to Hard-to-Recover Reserves
Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …