Kazakhstan supports status quo in OPEC+ deal

TASS Russian News Agency | Dec 4, 2019 at 1:52 PM

VIENNA, December 4. /TASS/. Kazakhstan supports keeping current parameters of the OPEC+ oil production capping deal but is ready to consider proposals on its revision, a source in the Kazakhstan's delegation told TASS on Wednesday.

"We are satisfied with keeping the status quo but let us see what they [OPEC - TASS] will offer to us," the source said.

OPEC and OPEC+ ministerial meetings will be held in Vienna on December 5-6, with the future of the oil production capping deal to be discussed within their framework. The OPEC+ agreement will expire in March 2020.