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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Oil production in Brazil fell by one percent last year, compared to the results obtained in 2017, despite having grown 4.8 percent in December, according to the National Petroleum, Natural Gas and Biofuels Agency (ANP).

“Total oil production in 2018 was 944.1 million barrels, with a daily average of 2.586 million bbl/day,” stated the ANP ‘s Monthly Bulletin of Petroleum and Natural Gas Production, released on Monday.

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