Baku 10° C
Kazakhstan to cut daily output by 390,000 barrels
Energy
- 13 April, 2020
- 11:39
Within the OPEC+ format, Kazakhstan is planning to reduce the daily production by 390,000 barrels in May-June, Report informs, citing foreign media.
Yesterday, OPEC and non-OPEC countries confirmed the ‘Declaration of Cooperation’ on output cut at the 10th meeting held through video conferencing.
According to the latest amendment in the ‘Declaration of Cooperation,’ the quotas for OPEC+ countries are set at 9.7 million barrels in May-June, 7.7 million barrels from July 1 until the end of 2020, and 5.8 million barrels from January 2021 to April 2022.
Author
Latest News
20:57
Georgian foreign minister: Azerbaijan is an important partner for us
Foreign policy20:37
Photo
Leyla Aliyeva attends opening of Bone Marrow Transplant Center at Liv Bona Dea Hospital
Health20:31
President of Azerbaijan congratulates Turkmen counterpart on 30th anniversary of recognition of Turkmenistan's neutrality
Foreign policy20:25
Azerbaijan and Hungary discuss strengthening strategic partnership – UPDATED-2
Foreign policy20:05
Ukraine and Azerbaijan hold meeting of renewed business council
Business19:53
Photo
Azerbaijan, Iran mull opportunities to expand cooperation across several sectors
Business19:05
BTC pipeline oil exports average 501,000 barrels per day in October
Energy18:55
Photo
Large Victory Park to be established in Nakhchivan
Domestic policy18:44