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TABLE-OPEC oil output falls by 280,000 bpd in July - Reuters survey

LONDON, July 31 (Reuters) - The following table shows crude oil output by the Organization of the Petroleum Exporting Countries in millions of barrels per day (bpd) in July and June, according to a Reuters survey published on Wednesday. OPEC, Russia and other non-members - an alliance known as OPEC+ - agreed in December to reduce supply by 1.2 million bpd in 2019. OPEC's share of that cut is 800,000 bpd among the 11 members participating in the deal. The July survey indicates that total OPEC output fell by 280,000 bpd. Compared with the levels from which they agreed to cut, which in most cases was October 2018 output, the 11 members have reduced production by 1.321 million bpd. Given the pledged reductions total 812,000 bpd, that equates to 163% compliance. June's estimate was revised up by 100,000 bpd as Iraq's production was higher than initially thought.

July June Baseline Pledged Cut Compliance 2019output output for cut cut achieved (pct)* target***Algeria 1.030 1.01 1.057 32,000 27,000 84

1.025

Angola 1.390 1.4 1.528 47,000 138,000 294

1.481

Congo 0.340 0.33 0.325 10,000 -15,000 negative

0.315

Ecuador 0.530 0.53 0.524 16,000 -6,000 negative

0.508

Eq. Guinea 0.110 0.11 0.127 4,000 17,000 425

0.123

Gabon 0.210 0.2 0.187 6,000 -23,000 negative

0.181

Iraq 4.600 4.65 (R) 4.653 141,000 53,000 38

4.512

Kuwait 2.700 2.65 2.809 85,000 109,000 128

2.724

Nigeria 1.800 1.86 1.738 53,000 -62,000 negative

1.685

Saudi Arabia 9.650 9.8 10.633 322,000 983,000 305

10.311

UAE 3.068 3.046 3.168 96,000 100,000 104

3.072

TOTAL OPEC 11 25.428 25.586(R) 26.749 812,000 1,321,000 163

25.937

Iran** 2.100 2.15Libya 1.190 1.22Venezuela 0.700 0.74TOTAL OPEC 14 29.418 29.696 (R)

NOTES:

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

**Iran, Libya and Venezuela are exempt from making voluntary output cuts

***Targets and pledged cuts apply from Jan. 1, 2019 and are as published on OPEC's website 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 is defined to include the Agbami and Egina streams and exclude Akpo condensate.

(Additional reporting by Rania El Ghamal; Editing by Edmund Blair)