June 18, 2020 / 5:11 PM / 24 days ago

Kazakhstan to compensate for weak compliance with OPEC+ deal

NUR-SULTAN (Reuters) - Kazakhstan’s compliance with the OPEC+ deal to cut oil output was at 71% in May and the country will compensate for that with deeper cuts in August and September, its energy ministry said on Tuesday.

Kazakhstan is ready to fulfil the OPEC+ deal, the ministry said.

Reporting by Tamara Vaal in Nur-Sultan, Vladimir Soldatkin in Moscow; Writing by Andrey Ostroukh; Editing by David Goodman

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