DUBAI – largest oil company in the United Arab Emirates, the Abu Dhabi National Oil Company (ADNOC) would cut oil output starting from February 2010.

As reported by the AFP, Tuesday (28/12/2009), steps in line with OPEC’s decision to cut oil production.

Company itself will cut production of between 10 percent and 15 percent of the four major oil fields in Abu Dhabi, which holds just over 95 percent of the UAE oil reserve. Pemangkasannya numbers estimated 100 billion barrels approximately.

Organization of Petroleum Exporting Countries (OPEC) at a meeting in Angola last week decided to maintain its production quota, but some members have asked for more production to reduce inventories in the international oil market.

According to Middle East Economic Survey, UAE oil production of 2.250 million barrels per day in November, the thin difference in the OPEC quota of 2.230 million barrels per day.

The last time OPEC decided to cut production output in December 2008, when it was his side reduce oil production from 12 members, including Iraq, from 4.2 million barrels per day to 24,845 million barrels per day.