OPEC to cut oil production in September, the second consecutive month, the survey data show the agency Bloomberg. The most significant decline was recorded in Iraq, Saudi Arabia and Angola.
The average oil production last month was 28.395 million barrels per day (bpd), up 50 thousand b /d lower than in August.
Iraq has reduced oil production by 40 thousand b /d - to 2.35 million b /d, which was the maximum reduction among OPEC countries, evidenced by the survey.
mining organizations from 11 countries excluding Iraq, which is not subject to quotas in September amounted to 26.045 million bpd, an increase of 10 thousand b /d below the previous month and 1.2 million b /d - total quota.
Following the last meeting held in Vienna on September 9, OPEC left its oil production quota at the same level - 24.845 million bpd. Of its member nations agreed to cut oil production from January 1, 2009 to 4.2 million barrels per day (bpd) compared with the actual level of production in September 2008, which amounted to 29.045 million bpd.
volumes of Saudi Arabia, Kuwait and Qatar do not exceed their assigned quotas in September.
Saudi Arabia, the largest oil producer in OPEC, extracted in the past month, 8.015 million b /d, up 25 thousand b /d lower than August, and at 36 thousand bpd - the country's quota in the organization, component of 8.051 million bpd.
Kuwait cut production by 15 thousand b /d - up to 2.185 million, Qatar - 3 thousand - up to 720 thousand bpd. The volume of production in these countries were below their quotas, respectively, at 37 thousand b /d and 11 thousand bpd.
Nigeria, Venezuela, Iran and the UAE have increased oil production in September. In Nigeria, the growth amounted to 25 thousand b /d, production volume has reached 1.805 million b /d, exceeding the quota of the country in OPEC, on average, 132 thousand bpd.
Venezuela extracted 2.23 million b /d, up 25 thousand b /d from the previous month and 244 thousand of its quota.
Iran has increased production by 20 thousand b /d - to 3.78 million bpd, the UAE - to 20 thousand b /d - to 2.27 million bpd. Indicators of these countries have been above their quotas, respectively, 444 thousand and 47 thousand bpd.
next OPEC meeting will be held in Luanda (Angola) on 22 December.
In OPEC, which accounts for about 40% of world oil supply, includes 12 countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE and Venezuela.
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