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LG TO RAISE OUTPUT

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LG International will increase output from its oilfield in Oman to around 13,000 barrels of light crude per day (bpd) from as early as 2008, the company said.

LG found light crude estimated at 12,000 barrels per day (bpd) and 2.2 million cubic metres of natural gas, equivalent to 500 tonnes of probable oil reserves per day, in the West-Bukha block in Oman.

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