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Around 1,100m barrels of crude oil were exported by ship in 2021, 1,400m barrels in 2022, with 75% leaving from western and 25% from eastern ports. Price Cap price. The G7 Oil Price Cap for crude oil of US$60 per barrel came into effect 5 December 2022.
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While inflation has fallen considerably from a peak of 9.1% notched during June 2022, it remains well above the Federal Reserve's 2% goal. On top of that, progress in reducing overall costs for ...
In February 2022, Viatris announced an agreement where it will contribute to Biocon Biologics its biosimilars portfolio and related commercial and operational capabilities in exchange for up to $3.335 billion, including a stake of at least 12.9% in Biocon Biologics. The transaction was completed in November 2022.
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The country was previously one of the world's largest exporters of oil, but the oil industry saw a significant decline since its peak in 2012. In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m 3 /d) and the country was also the eighth-largest net oil exporter in the world.