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Kazakhstan to attend meeting of non-OPEC states on Dec 10

December 06, 2016, 15:22 UTC+3

Earlier Kazakhstan's Energy Ministry said that it "welcomed the agreement reached by OPEC countries on crude production freeze"

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ASTANA, December 6. /TASS/. Kazakhstan will participate in the meeting of representatives of non-OPEC member-states scheduled for December 10, the country’s energy minister Kanat Bozumbayev said Tuesday.

"Yes, will participate," he said, adding that he will attend the meeting himself. When asked whether the country is ready to reduce its oil production Bozumbayev said that "Kazakhstan is not the biggest oil-producing country outside OPEC." "We’ll look at the position of our partners," he added.

Earlier the Energy Ministry said that it "welcomed the agreement reached by OPEC countries on crude production freeze."

On November 30, OPEC countries agreed to cut oil production to 32.5 mln barrels per day, which means those countries will reduce their daily average output by 1.164 mln barrels starting January 1, 2017. Now OPEC will have to make a similar deal with non-OPEC members.

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