June 17 (Bloomberg) -- Angola’s crude oil exports will fall 1.6 percent in August, excluding the Palanca and Gimboa grades, as OPEC members pledge to comply with production targets.

Fifty-four cargoes totaling 50.9 million barrels, or an average of 1.64 million barrels a day, are scheduled to load in August, preliminary shipping programs show. That excludes exports of Palanca and Gimboa crude, for which loading schedules are not yet available.

Fifty-five cargoes, excluding those two grades, are scheduled to load in July, or an average of 1.67 million barrels a day. Gimboa and Palanca exports are scheduled at 95,215 barrels a day in July. Loading programs are subject to change.

OPEC members, including Angola, have pledged to comply more closely with record production cuts of 4.2 million barrels a day, announced by the producer group through December last year.

Angola’s oil ministry has disputed estimates that place its OPEC production target at 1.517 million barrels a day. The ministry argues that the information used to estimate the quota is inaccurate and its actual target is 1.656 million barrels a day. OPEC does not publish individual country quotas.

To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net

Last Updated: June 17, 2009 05:41 EDT