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Kazakhstan Disappoints on OPEC Promise

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For months, it’s been something of an open secret that Kazakhstan’s 2016 commitment to cap its oil production, pledged alongside OPEC and non-OPEC members alike, was worth little more than the paper on which it was written. Where other pledgees — such as Saudi Arabia, Kuwait, and even Venezuela — have met their commitments to drop production, Kazakhstan decided that it would actually increase its output in the interim, assurances otherwise be damned.

Thanks in part to the restart of its Kashagan oil field, Kazakhstan was one........

© The Diplomat