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Exxon approves eighth energy project in Guyana, the first to focus on gas

By Reuters News

HOUSTON, Nov 12 (Reuters) - An ExxonMobil-led XOM.N consortium has approved funding for its eighth project in Guyana called Longtail, the top US oil producer said on Thursday, marking the first project in the country that will produce natural gas and condensate that is not associated with oil production.

The $12.5-billion development is expected to begin production in 2030, Exxon said.

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