Kazakhstan and Iraq have reiterated their commitment to the OPEC+ agreement, which includes production cuts and compensation for any overproduction since the beginning of 2024. Kazakhstan confirmed its adherence to the agreement after previously exceeding its production quota. Iraq's Oil Ministry announced that it would adhere to the required production level of 4 million barrels per day (bpd) for June 2024 and subsequent months. Additionally, Iraq committed to a quota of 203,000 barrels for May 2024 and emphasized its full commitment to voluntary production cuts and compensation for overproduction. The announcements were tagged with #oott.
Iraq and Kazakhstan commits to making compensation cuts for earlier production increases as planned https://t.co/VTHQJrGniy
#Iraq 'committed' to compensate for oil overproduction in 2024, ministry says #oott https://t.co/twgCYyIeF7
#Iraq reaffirms commitment to oil production cuts #oott https://t.co/NWcsDVmEeg
IRAQ'S OIL MINISTRY SAYS IT IS FULLY COMMITTED TO THE QUOTA BY 203,000 BARRELS FOR MAY 2024 || IRAQ'S OIL MINISTRY SAYS AGREEMENT INLCUDES VOLUNTARY PRODUCTION CUTS AND COMPENSATION FOR ANY OVERPRODUCTION SINCE THE BEGINNING OF 2024
IRAQ'S OIL MINISTRY : WE WILL ADHERE TO THE REQUIRED PRODUCTION LEVEL, WHICH IS 4 MLN BPD FOR JUNE 2024 AND THE SUBSEQUENT MONTHS.
IRAQ'S OIL MINISTRY: THE AGREEMENT INLCUDES VOLUNTARY PRODUCTION CUTS AND COMPENSATION FOR ANY OVERPRODUCTION SINCE THE BEGINNING OF 2024.
IRAQ'S OIL MINISTRY: WE ARE FULLY COMMITTED TO THE QUOTA BY 203K BARRELS FOR MAY 2024 - STATEMENT
#Kazakhstan reiterates its commitment to #OPEC+ agreement after overproduction #oott https://t.co/NnRnAALeao