After today’s decision … these are the production quotas of OPEC + members next February

The Organization of Petroleum Exporting Countries “OPEC” has revealed that the production volume of its members and producers outside of it known as the OPEC alliance (23 countries) will rise to 40.894 million barrels per day next February, with a increase of 400,000 barrels from this month.

And OPEC made it clear in a document seen by Al-Arabiya today, Tuesday, that the production of members of the Organization of the Petroleum Exporting Countries (10 members) will rise to 24,808 million barrels per day.

According to the report, the production of non-OPEC countries (13 countries) will rise to 16.086 million barrels per day in February.

Next month the production of Saudi Arabia and Russia will rise to 10.227 million barrels per day each, up from 10.122 million barrels per day this January, an increase of 105,000 barrels per day.

Iraqi production will rise to 4.325 million barrels per day, the United Arab Emirates to 2.946 million, Kuwait to 2.612 million, Nigeria to 1.701 million, Angola to 1.421 million and Algeria to 982 thousand barrels per day.

Congo production will rise to 303,000 barrels per day in February, Gabon to 173,000 and Equatorial Guinea to 118,000.

As for non-OPEC producers, Mexico will produce 1.753 million barrels per day, Kazakhstan 1.589 million, Azerbaijan 668 thousand, Bahrain 191 thousand and Brunei 95 thousand.

The report indicates that Malaysia will produce 554,000 barrels per day in February, while the Sultanate of Oman will produce 821,000 barrels, Sudan 70,000 and South Sudan 121,000 barrels per day.

Read More About: Business News