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Pemex Says April Crude Oil Production Falls 5.6% From Year Ago

By Thomas Black

May 21 (Bloomberg) -- Petroleos Mexicanos, the state-owned oil monopoly, said crude production fell 5.6 percent in April from a year earlier as output from the company's largest oil field, Cantarell, declines.

Daily output was 3.18 million barrels, down from 3.37 million in April 2006 and the same as in March, the Mexico City- based company said today in a report on its Web site.

Pemex, the third-largest oil supplier to the U.S., exported 1.68 million barrels a day in April, an 8.2 percent drop from the same month last year. Daily exports in April fell from 1.78 million barrels in March.

Daily natural-gas production in April rose 13 percent to 5.97 billion cubic feet, from 5.28 billion cubic feet a year ago and increased from 5.9 billion cubic feet in March.

To contact the reporters on this story: Thomas Black in Monterrey at tblack@bloomberg.net

Last Updated: May 21, 2007 11:02 EDT

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