20:45 GMT05 March 2021
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    Kazakhstan could participate in a summit of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on November 30, the country’s Energy Minister Kanat Bozumbayev said on Thursday.

    ASTANA (Sputnik) — The minister has previously said that a representative of the country’s Energy Ministry will attend the OPEC technical meeting on October 29 in the Austrian capital.

    "At the end of November OPEC [summit] will [be held], probably we will take part already on a sectoral level. Nobody has been invited there yet. A discussion is [being held] in Vienna at the moment, and at the end of November a decision will be made," Bozumbayev told journalists.

    He added that Astana was holding talks on the oil market stabilization with Moscow and Riyadh as Kazakhstan’s economy was sensitive to oil prices.

    On September 28, OPEC member states agreed on cutting its oil production to 32.5-33 million barrels per day for the whole cartel, however, no exact limits for each country were determined. The OPEC countries are set to finalize the agreement on oil output freeze at the November summit in Vienna.


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