* Most members say compliance is key issue
* Libya, Venezuela have said $100 price fair
(Adds background, more Yousfi comments)
By Christian Lowe
ALGIERS, Sept 30 (Reuters) - Algeria will look at the case for OPEC oil production cuts, its energy minister said on Thursday ahead of next month's meeting of the group, which is widely expected to focus on compliance with output curbs.
"This the position we are going to study," Youcef Yousfi said, when asked if Algeria will make the case for OPEC to cut.
The Organization of the Petroleum Exporting Countries (OPEC), source of more than a third of the world's oil, meets in Vienna on Oct. 14, and Iraq, Qatar, Ecuador and Kuwait have all said they see no need for a change in policy.
However, Libya said earlier this month that $100 per barrel was needed to cope with rising costs of food imports. Venezuela has in the past said it sees $100 as a fair price but not a target.
Compliance among members with implied output curbs has sunk to just above 50 percent as oil has largely traded within the OPEC's preferred zone of $70 to $80 per barrel.
Venezuela's Oil Minister Rafael Ramirez said on Sunday he was comfortable with global oil prices, but OPEC should focus on high global crude inventories.
The cartel has kept its output targets unchanged for almost two years, though it has boosted supply informally since 2009.
This came as a response to rising output from non-OPEC members, especially Russia which initially pledged to cooperate with OPEC during the 2008 oil price slump but then unilaterally withdrew its offer and kept pumping at capacity to take advantage of high prices to fill its budget gaps.
Yousfi also said oil major BP Plc was discussing the sale of its Algerian assets to third-largest Russian oil producer TNK-BP, half-owned by BP, as it seeks to raise funds to pay off costs associated with the Gulf of Mexico oil spill.
Asked if Algeria will accept the sale of BP's assets to TNK-BP, Yousfi said: "We are studying the case."
Asked if BP had approached the Algerian authorities for approval of the sale, he said: "This is with (state energy firm) Sonatrach. I think they are discussing this, yes."
TNK-BP is also already looking to buy BP's 35 percent stake in a gas deposit in Vietnam and assets in Venezuela. (editing by Jane Baird)