* Saudi oil supply to market falls by 700,000 bpd
* Iraq curbs output after compliance pledge
* Nigeria pumps more despite compliance pledge
* For output by country, compliance, click on By Alex Lawler
LONDON, Sept 30 (Reuters) - OPEC oil output has fallen to an
eight-year low in September after attacks on Saudi oil plants
cut production, deepening the impact of a supply pact and U.S.
sanctions on Iran and Venezuela, a Reuters survey found.
The 14-member Organization of the Petroleum Exporting
Countries (OPEC) has pumped 28.9 million barrels per day (bpd)
this month, the survey showed, down 750,000 bpd from August's
revised figure and the lowest monthly total since 2011.
The Sept. 14 attacks on two Saudi oil plants shut down 5.7
million bpd of production and sent crude prices up 20% to $72 a
barrel on Sept. 16. The price has since fallen to $61, near
levels before the Saudi attack, pressured by a rapid production
restart and concern about slowing demand. "Traders are clearly not particularly concerned about risk
premiums in oil," said Craig Erlam, analyst at online broker
OANDA. "The focus again seems to be shifting back to the demand
dynamics and the risk of further downgrades."
OPEC, Russia and other oil producer allies, known as OPEC+,
agreed in December to reduce supply by 1.2 million bpd from the
start of this year. OPEC's share of the cut is 800,000 bpd, to
be delivered by 11 members, with exemptions for Iran, Libya and
Venezuela.
The 11 OPEC members bound by the agreement, which now runs
until March 2020, have easily exceeded the pledged cuts.
Compliance has been at 218% in September, up from 131% in
August, the survey found.
Two of the three exempt producers also pumped less oil than
they did the previous month.
The biggest drop was in Saudi Arabia, which supplied 9.05
million bpd, or 700,0000 bpd less than in August.
RELEASED INVENTORIES
The drop would have been even larger but for state oil
company Aramco releasing stored crude from its inventories to
limit the decline. Sources in the survey put Saudi production at
between 8.5 million bpd and 8.6 million bpd.
Before this month's attack, Saudi Arabia was already
restraining output by more than called for by the OPEC-led
supply deal to support the market.
Output fell further in Venezuela, which is contending with
U.S. sanctions on state oil company PDVSA - aimed at ousting
socialist President Nicolas Maduro - as well as a long-term
decline in output owing to a lack of investment and maintenance.
PDVSA this month suspended some crude blending and cut
production in response to a build in domestic inventories while
the sanctions have proved a deterrent to customers and shippers.
The survey found a mixed trend among Iraq and Nigeria, both
of which have pledged to boost their compliance. Iraq trimmed exports from its southern and northern ports,
the survey found, but Nigeria boosted supply slightly and
continued to produce above its OPEC target by the largest
margin.
Among other countries raising output, Libya pumped more
because of a higher contribution from the country's largest
oilfield, El Sharara, after outages that curbed output in
August.
There was little change to supply from the United Arab
Emirates and a small increase in Kuwait, the survey found.
September's output was the lowest by OPEC since 2011, when
the Libyan civil war caused a collapse in the country's oil
output, excluding membership changes that have taken place since
then, according to Reuters surveys.
The survey aims to track supply to the market and is based
on shipping data provided by external sources, Refinitiv Eikon
flows data and information provided by sources at oil companies,
OPEC and consulting firms.
(Editing by David Goodman)