Kazakhstan has no plans to limit its oil production

Kazakhstan has no plans to limit its oil production

Kazakhstan has no plans to join the initiative of Russia and a number of OPEC countries to freeze oil production at the level of January 11 and does not take any administrative measures to reduce the level of oil production, the Deputy Minister of Energy of Kazakhstan Aset Magauov said.

Recall, the Kazakh government reduced its oil production forecast for 2016 from 77 to 74 million tons.

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