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Kazakhstan May Reduce 2024 Oil Production

OIL

Kazakhstan may reduce oil production in 2024 due to the extended OPEC+ deal according to its Energy Minister Almasadam Satkaliyev.

  • Kazakhstan's oil production is forecasted at 92.6 million tonnes in 2023 and is expected to grow to 103.2 million tonnes in 2025.
  • Satkaliyev did not say how much oil Kazakhstan would produce in 2024.

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