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Turnaround as Brazil's Petrobras sees a rise in production

The state oil company has seen more projects develop to increase the country's oil output

Brazil's state oil company Petrobras has increased oil output to record levels in consecutive months this year as new deep-water projects come on stream, signalling a potential turnaround after repeated delays and missed production targets. The company's total oil output was 2.239 million barrels a day (b/d) in September, up 16% on the 1.932m b/d it produced a year ago. The International Energy Agency (IEA) has described  the sharp increase in production from Brazil in recent months as 'remarkable'. New production vessels launched earlier this year are paying off in terms of rising output. Petrobras said production rose in September partly because of stronger contributions from the P-55 and

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