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Iran, its oil exports curbed by sanctions, is lowering the crude price for this year's budget to $40 a barrel as the energy slump affects governments and industry.Qatar Petroleum and Royal Dutch Shell Plc called off plans to build a $6.5 billion petrochemical plant.Iranian President Hassan Rouhani presented a budget to lawmakers on Dec. 7 based on $72 oil.Kuwait has proposed basing its 2015-16 budget on oil at $45 .It produced 2.77 million barrels a day of oil in December, down from an average of 3.58 million in 2011, according to data compiled by Bloomberg.
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