Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
EU diplomats move to slap more sanctions on Russia over Siemens turbines furorBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
ISTANBUL, July 9. /TASS/. Kazakhstan stands for a soft exit from the deal with OPEC followed by a smooth production increase within a couple of months, Kazakhstan’s Energy Minister Kanat Bozumbayev told TASS on Sunday.
"The first option," he said when asked what would be more preferable for his country either a soft exit from the deal during several months or a sharp production hike.
According to the minister, Kazakhstan has not yet made a final decision on its position about prolongation of the agreement. "It’s a matter of November," he said. Another OPEC summit will be held in November.
In late 2016, OPEC and 11 independent oil exporting countries, including Russia, reached an agreement on reduction of oil production. Under the deal, oil production is to be reduced by 1.8 million barrels a day.
In May 2017, the agreement was extended till April 2018, with the quotas for the countries staying in place.