Investing.com -- Kazakhstan's energy minister confirmed on Wednesday that the country is taking all necessary steps to meet its oil production obligations under the agreement with OPEC+. The Central Asian nation has been in disagreement with Western oil companies for years over costs, leading to multi-billion-dollar claims against these companies in 2023.

The energy minister also stated that the country is prepared to resolve these disagreements and has consistently been open to discussions with Western oil companies about the arbitrations. This comes after years of conflict between Kazakhstan and various international oil companies, which have led to significant claims made against these corporations.

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