- National interests take priority over OPEC+ interests when it comes to oil output levels.
- Kazakhstan cannot reduce oil output from old oilfields, as it would destroy them.
- Cannot order oil majors to cut output either.
- We will support oil output increase at the Chevron-led Tengiz field.
- No major maintainance planned at Caspian pipeline this year.
- Kazakhstan is able to increase oil supplies to Germany via Russia, depending on position of Moscow.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
