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CNOOC to cut oil and gas production in 2016

2016-01-19 12:38:52| Oil & Gas - Topix.net

Jan 19 CNOOC Ltd aims to cut oil and gas production in 2016, the Chinese state-controlled company said on Tuesday, as global oil prices plumb 12-year lows. CNOOC Ltd increased production in 2015 as oil prices fell to half their 2014 peak amid weak demand growth and a supply glut.

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