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Economy & Business - August 2006

OIL: What the fall in Cantarell's production means

Petróleos Mexicanos announced at the beginning of August that it expects output from its main oilfield, Cantarell, to fall by 9% this year. Cantarell is the world's second-biggest oilfield. In December 2005, Pemex forecast only a 6% fall in Cantarell output.

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