Chevron Indonesia crude output set to drop -watchdog

Sun Feb 3, 2008 11:59pm EST
 
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JAKARTA, Feb 4 (Reuters) - Indonesia expects crude oil output by Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz), the Southeast Asian nation's top oil producer, to fall to 440,000 barrels per day (bpd) this year, against 461,000 bpd 2007, the head of the country's energy watchdog said on Monday.

Indonesia's overall oil output, including condensates and crude oil, should rise to 1.05 million bpd this year, up from an average of 954,300 bpd in 2007, Kardaya Warnika, the chief of oil watchdog BPMIGAS added.

(Reporting by Muklis Ali, writing by Fitri Wulandari, editing by Ed Davies)

 

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