In light of the above, the OPEC Secretariat received compensation plans from Iraq, Kazakhstan, and the Russian Federation for their overproduced volumes for the first six months of 2024 (January through June), which totaled about 1,184 tb/d for Iraq, 620 tb/d for Kazakhstan, and 480 tb/d for the Russian Federation, according to assessments made by the independent sources approved in the Declaration of Cooperation (DoC).

The table below, prepared by the OPEC Secretariat, shows in detail that the entire over-produced volumes will be fully compensated for by September 2025.