Russia says Kazakhstan committed to oil output deal: Agencies

Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia on June 2, 2017.
Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia on June 2, 2017. PHOTO: REUTERS

MOSCOW (REUTERS) - 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, Russian Energy Minister Alexander Novak was quoted as saying on Saturday (June 10).

"No, we did not discuss (it). Kazakhstan is committed to fulfilling the agreement," Novak was quoted by Russian news agencies as saying after talks between the three ministers.

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).

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.

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