Kazakhstan Confirms No Plans to Exit OPEC+ Agreement

Kazakhstan remains fully committed to the OPEC+ agreement and has no plans to withdraw from the alliance, according to Prime Minister Olzhas Bektenov.

“As part of OPEC+, we do our best in fulfilling our obligations. In this certain period, we do not always succeed, due to the commissioning of the Future Growth Project at Tengiz. As for the production sharing agreement, this has been already discussed. We have always stated that as soon as the project is completed, we will raise our projected obligations,” the Prime Minister said, The Caspian Post reports citing Kazinform.

According to the Energy Ministry, in June 2025, crude oil exports from Kazakhstan reached 1.86 million barrels per day, which is more than in May (1.78 million barrels per day) and exceeds the OPEC+ quota by nearly 500 thousand barrels. The growth is linked to the technological and infrastructure peculiarities of oil production expansion at the country’s largest oilfield Tengiz.