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Related Articles
OPEC’s discipline sets tone for 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
OPEC presses pause
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
OPEC+ nears output targets amid unsolved riddles
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
OPEC+ exposes its producers’ limits
Saudi Arabia, the UAE and Iraq appear to be only members able to increase output as Russia approaches close to maximum capacity
Letter from Vienna: OPEC at 65
Following its founding in September 1960, OPEC has become a key player in the global energy sector and a vital source of market stability
OPEC’s realignment
The group is cleansing itself of non-compliers and resetting expectations as it unwinds quicker than expected in a bid to go beyond production quotas
Letter from Azerbaijan: Net-zero strategy to reshape South Caucasus
ExxonMobil’s MOU with SOCAR, unveiled in Washington alongside the peace agreement with Armenia, highlights how the Karabakh net-zero zone is part of a wider strategic realignment
OPEC+ off-target in July
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
The great OPEC+ reset
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
Kazakhstan Azerbaijan Opec BP
NJ Watson
15 February 2018
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Central Asia on the move

States are looking for energy output, Central European ones for diversification and integration

Kazakhstan's oil production in 2018 promises finally to get the boost that the government has been banking on since the Kashagan project was first meant to come on line in 2005. Assuming no repetition of problems that have delayed this Caspian Sea project by 12 years, Kashagan should see output rise to around 370,000 barrels a day in 2018, up from 270,000 b/d in the last quarter of 2017, and to 450,000 b/d within two years—the Phase 1 design capacity first envisaged by the consortium's partners (see map). This Kashagan production will help reverse the decline in Kazakhstan's crude output, which the energy ministry says will end 2017 at around 1.7m b/d. That's in line with the quota it agreed

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