Kazakh energy minister: reaching consensus on OPEC+deal not to be easy

Kazakh energy minister: reaching consensus on OPEC+deal not to be easy

Talks between OPEC and its allies next month over whether to extend their global oil output cut deal will be complicated by uncertainties over Iran and Venezuela’s stance, Kazakhstan's Energy Minister Kanat Bozumbayev said.

"I think it won’t be easy," Bozumbayev said about the forthcoming talks.

According to him, there are different positions. "Some countries, like Iran, (there are) sanctions. Venezuela. Will they want to or not, it’s hard (to say)," Reuters cited the Kazakh minister as saying.

OPEC and other large oil producers, including Russia and Kazakhstan, will meet in Vienna on July 1-2 to discuss whether the oil output deal, which expires after June 30, should be continued.

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