Kazakhstan Energy Minister: National interests take priority over OPEC+ on output levels

• 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.