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GISMETEO.RU
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Crude oil and gas condensate output forecast to fall 11.9% in 2008
Journal Staff Report

KIEV, Sept. 19 - Ukraine’s crude oil and gas condensate output will probably fall 11.9% to 3.9 million metric tons in 2008, down from 4.43 million metric tons in 2007, according to a forecast released by the government Friday.

Ukraine’s oil output has been declining this year as UkrNafta, the largest oil producer, has been shutting down small and unprofitable oil wells, following a disagreement with the government over royalties.




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