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TABLE-OPEC oil output rises 100,000 bpd in January -Reuters survey

LONDON, Jan 31 (Reuters) - The following table shows OPEC crude oil output in millions of barrels per day (bpd) in January and December, according to a Reuters survey published on Wednesday. In an effort to prop up prices, the Organization of the Petroleum Exporting Countries started reducing output by about 1.2 million bpd on Jan. 1, 2017, in its first supply cut since 2008. Nigeria and Libya, exempt from the curbs for 2017, told OPEC their output in 2018 would not exceed 2017 levels. The January survey indicates that output from the 13 OPEC members originally part of the deal rose by 90,000 bpd. Supply from the 11 members with production targets under the original accord was down by 10,000 bpd. Compared with levels from which they agreed to cut, which in most cases was October 2016 output, the 11 members have reduced production by 1.608 million bpd. Given the pledged reduction was 1.164 million bpd, that equates to 138 percent compliance, up from a revised 137 percent in December. December's total was revised lower by 110,000 bpd mainly because of a downward revision to estimated production in Venezuela and an increase in Saudi Arabia. Equatorial Guinea joined OPEC in May. Totals in the table below are rounded.

January December Baseline Pledged Cut Compliance Implied 2018 output output for cut cut achieved (pct) target Algeria 1.05 1.04 1.089 50,000 39,000 78

1.039

Angola 1.61 1.63 1.751 78,000 141,000 181

1.673

Ecuador 0.53 0.53 0.548 26,000 8,000 69

0.522

Gabon 0.20 0.20 0.202 9,000 2,000 22

0.193

Iran* 3.82 3.83 3.707 -90,000 - 113,000

3.797

Iraq 4.36 4.39 4.561 210,000 201,000 96

4.351

Kuwait 2.70 2.70 2.838 131,000 138,000 105

2.707

Qatar 0.61 0.61 0.648 30,000 38,000 127

0.618

Saudi Arabia 10.00 9.95 10.544 486,000 544,000 112

10.058

UAE 2.88 2.87 3.013 139,000 133,000 96

2.874

Venezuela 1.60 1.62 2.067 95,000 467,000 492

1.972

TOTAL OPEC 11 29.36 29.37 30.968 1,164,000 1,608,000 138

29.804

Libya 0.97 0.94

1

Nigeria 1.93 1.86

1.8

TOTAL OPEC 13 32.26 32.17

32.604

Equatorial Guinea 0.14 0.13 TOTAL OPEC 14 32.40 32.30

R = Revised

* Compliance is calculated by the following method in the table above: Baseline for cut minus January output = cut achieved Cut achieved divided by pledged cut = percentage compliance

** Iran is allowed a small increase in the deal.

*** OPEC 2018 implied target based on the 32.50 million bpd ceiling OPEC announced on Nov. 30, 2016, minus Indonesia, and using Libya and Nigeria's figures for their expected 2018 production as given at Nov. 30, 2017 meeting. The Reuters survey aims to assess crude supply to market, defined to exclude movements to, but not sales from, storage. Saudi and Kuwaiti data includes the Neutral Zone. Venezuelan data includes upgraded synthetic oil. Nigerian output includes the Agbami stream and excludes Akpo condensate.

(Editing by David Goodman)