Kazakhstan’s OPEC+ Problem Just Cost the Oil Minister His Job

Kazakhstan has once again found itself on the wrong side of OPEC+ production targets, and this time, it seems to have cost the oil minister his job. The country has been pumping oil as if the quotas didn’t exist, hitting record production levels at 1.767 million barrels per day in February (with the help of Chevron)—a cool 300,000 barrels over its quota. Naturally, this hasn’t sat well with OPEC+, particularly those members actually following the rules, and it has cost the country’s oil minister his job. Enter Almasadam…