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Saudi Arabian Oil Co., the world's largest crude exporter, said its production last year fell from the annual record it reached in 2016 as it led producers in curbing output to counter a global oversupply.The kingdom's oil production averaged 10.2 million barrels a day in 2017, down from 10.5 million barrels in 2016, Saudi Aramco said in its annual review published Friday. Upstream discoveries last year included two oil fields and one gas deposit, compared with one gas field and two oil deposits in 2016, the company said.
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