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BP reaches agreement with Azerbaijan's state oil company on stabilizing production in the...

BP reaches agreement with Azerbaijan's state oil company on stabilizing production in the Azeri-Chirag-Guneshli field in the Caspian Sea, tempering recent angry rhetoric from the country's president blaming BP for production shortfalls. The deal is expected to result in production of 33M tons of oil from the field in 2013 and 35M tons in 2014. BP +0.9% premarket.
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