OPEC Agrees to First Crude Production Cut in Two Years (Table)

By Ben Farey

Oct. 24 (Bloomberg) -- The following table lists the agreed production cuts announced today by OPEC's member states. The figures are in barrels a day.

The Organization of Petroleum Exporting Countries decided to lower supply by 1.5 million barrels a day from November, oil ministers said today at the end of a meeting at the group's Vienna's headquarters. The reduction will be from the existing quota for 11 members of 28.808 million barrels a day.

                          Production Cut

Algeria                       71,000
Angola                        99,000
Ecuador                       27,000
Iran                         199,000
Kuwait                       132,000
Libya                         89,000
Nigeria                      113,000
Qatar                         43,000
Saudi Arabia                 466,000
U.A.E.                       134,000
Venezuela                    129,000

TOTAL                      1,500,000

To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net