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Lundin Energy raises oil output forecast, Q4 beats expectation

OSLO, Jan 28 (Reuters) - Swedish independent oil firm Lundin Energy raised its output forecast on Thursday and reported stronger than expected fourth-quarter earnings as Norway’s largest oilfield Johan Sverdrup ramped up production.

Its earnings before interest and taxes (EBIT) rose to $488.1 million from $382.5 million for the same period a year ago, beating the $428.2 million seen in a Refinitiv poll of analysts. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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