PDO's 2011 production reached the second highest level in its history with production levels hitting 1,206,000 barrels oil equivalent per day (boe/d).
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Italy's Eni reported its 2011 net profit rose 9.1 per cent to US$9 billion thanks to higher oil prices and faster recovery of its Libyan output.
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Total posted a 7 per cent increase in profit on higher crude prices and announced that its net income for 2011 was US$15.9 billion, a 17 per cent increase over 2010.
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Iran started preliminary production in the Yadavaran oilfield in the southwest that is shared with Iraq, with the opening of a first well.
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