Vienna — Angola will cut down 99,000 barrels a day from its current daily output estimated at about two million barrels, Angop learned.

This follows a decision from the Organisation of Petroleum Exporting Countries (OPEC) to reduce its production by 1.5 million barrels a day, as a result of the drop in the price of crude oil in the international market.

This OPEC decision was made at the end of its extraordinary meeting held Friday in Vienna, Austria, headquarters of the organisation, attended by all members of the cartel.

The organisation's meeting was intended to discuss the reduction of its oil production, following the fall in the price in the international market.

The price of the barrel that had reached Usd 147,00 in July this year, has come down to 60,27.

Angola attended the meeting with a delegation led by the Oil minister, Botelho de Vasconcelos.

OPEC was founded in 1960, in Baghdad, Iraq, aimed at unifying oil policies among member countries, by centralising the activity's administration, which comprises the control of prices and production, thus regulating pressures on the market.

The Organisation of Petroleum Exporting Countries groups Angola, Algelia, Lybia, Nigeria, Venezuela, Equador, Indonesia, Saudi Arabia, United Arab Emirates, Iran, Iraq, Kuwait, Qatar and Gabon.