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A major increase in planned activity in the Middle East and other parts of Asia will drive a 10%...

A major increase in planned activity in the Middle East and other parts of Asia will drive a 10% rise in global energy exploration and production spending to a record high $678B this year, according to a Barclays survey which also foresees PetroChina (PTR) as the largest spender on E&P in the world in 2013, overtaking Exxon Mobil (XOM) for the first time.
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