Increase in oil production quota for Kazakhstan within OPEC+ to surpass 1.4 million barrels daily, effective from May.
Rewritten Article:
📸 Credit: Kazakh Ministry of Energy
ASTANA - The OPEC+ production quota for May is set at 1.486 million barrels per day, as per the OPEC+ press service following an April 3 meeting between eight nations.
Kazakhstan, alongside Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Algeria, and Oman, have announced additional, voluntary production adjustments in April and November 2023.
They will implement a production adjustment of approximately 411,000 barrels per day, similar to three monthly increments.
According to the statement, these gradual increases may be halted or reversed depending on the evolving market conditions.
The countries reaffirmed their commitment to their voluntary production adjustments, and their intention to fully compensate for any overproduced volume from January 2024, while submitting updated front-loaded compensation plans to the OPEC Secretariat by mid-April.
In the context of more recent developments, the following information may help clarify the current situation:
OPEC+ Production Quota Adjustments (May 2025 Context)
- Recent Adjustments: In June 2025, eight OPEC+ member states, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to increase oil production by about 411,000 barrels per day. This is part of a gradual and flexible rollback of voluntary cuts initially agreed upon in December 2024, with the aim of restoring approximately 2.2 million barrels per day of output by November.
- Participating Countries: Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, Oman.
- Total Combined Increase: Over the three months of April, May, and June 2025, these increases amount to around 960,000 barrels per day, representing a 44% unwinding of the 2.2 million barrels per day cuts that have been in place since 2022.
Summary Table: OPEC+ June 2025 Production Adjustment
| Adjustment Date | Participating Countries | Increase (bpd) | Total Rollback So Far (bpd) | Next Review Date ||------------------|---------------------------------------------------------|----------------|-----------------------------|------------------|| June 2025 | Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, Oman | 411,000 | 960,000 (April–June) | June 1, 2025 |
Potential Future Changes
- Market-Driven Adjustments: OPEC+ will adjust or pause planned output increases based on market conditions, including oil prices and global demand.
- Compliance Monitoring: Ongoing monthly meetings will ensure that production levels and member compliance are closely monitored and adjusted as needed. The next meeting is scheduled for June 1, 2025, to set quotas for July.
Note on May 2022 Quotas:For May 2022 specifically, historical data (not included in the current search results) indicates that OPEC+ maintained production cuts at the time. No precise details are available for May 2022. If you need a detailed historical breakdown for May 2022, please specify, and I can provide a summary based on general knowledge or additional sources.
- In June 2025, Kazakhstan, along with other OPEC+ members like Saudi Arabia, Russia, Iraq, UAE, Kuwait, Algeria, and Oman, agreed to increase oil-and-gas exporting by approximately 411,000 barrels per day.
- This increase, part of a gradual and flexible rollback of voluntary cuts initially agreed upon in December 2024, is expected to continue in May 2025.
- The finance sector and energy industry are keeping a close eye on Kazakhstan's oil-and-gas exporting, given the projected total combined increase of around 960,000 barrels per day over the three months of April, May, and June 2025.
- It's important to note that these exporting levels may be adjusted or halted based on evolving market conditions, as reaffirmed by OPEC+ in their commitment to closely monitoring and adjusting production levels as needed.
