Kazakhstan cuts 2020 oil output forecast 

In 2019, Kazakhstan produced 90.5 million tonnes. 

According to the ministry, the country fulfilled the commitments on OPEC+ deal by 105% in June: “The output, excluding condensate, was 5.3 million tonnes or 1.29 million barrels a day. The planned output in August-September will compensate the excess production in the previous months.” 

Earlier, the ministry had reported that Kazakhstan fulfilled the obligation by 71% in May. 

According to the OPEC+ deal to cut the output by 9.7 million barrels a day, Kazakhstan reduces production by 390,000 barrels a day. On June 6, Kazakhstan supported the extension of the OPEC+ deal for one more month.