(Refiles to fix typographical error, paragraph 1)
DUBAI, March 9 The United Arab Emirates (UAE)
will comply fully with its OPEC commitment to reduce oil
production by more than 139,000 barrels per day (bpd) in March
and April, the Gulf OPEC member's energy minister Suhail said on
"UAE production cut for March and April will be more than
139,000 bpd due to the maintenance activities, which means more
than 100 percent compliance," Suhail al-Mazrouei wrote on his
"(The) UAE is committed to its share of the production cut
agreed with OPEC."
The UAE, among the core Gulf OPEC group that traditionally
shows high compliance with output agreements, has focused on
expanding its production capacity in the last few years.
The Organization of the Petroleum Exporting Countries has
pledged to curb its production by about 1.2 million bpd from
Jan. 1, the first cut in eight years, to boost prices and get
rid of a supply glut.
Compliance with output restrictions has often been a problem
for OPEC in the past but this time the group delivered
reductions amounting to as much as 90 percent of the target in
the first month alone.
The UAE has delivered a smaller portion of its pledged
reduction, based on its own figures and OPEC output estimates by
government agencies, consultants and industry media.
Under the OPEC deal, the UAE was to cut production to 2.874
million bpd. It told OPEC it produced 3.06 million bpd in
January, and a Reuters survey estimated its output at 2.98
Still, officials and industry sources say the UAE will try
to move closer to its target in the coming months, improving
average compliance during the six-month duration of the supply
cut rather than focusing on month-by-month performance.
Oilfield maintenance could help to push compliance higher.
Abu Dhabi National Oil Company (ADNOC) has work planned at
oilfields in March and May, people familiar with the matter
ADNOC said on Thursday it had informed customers of cuts in
crude allocations for March and April.
In March, only Upper Zakum crude grade will be cut by 5
percent, while in April both the Murban and Das grades will be
reduced by 5 percent, and Upper Zakum by 3 percent, it said in a
letter to customers dated March 6 and received by Reuters on
(Reporting by Rania El Gamal; Editing by David Goodman and Mark