Abu Dhabi plans to raise oil output capacity

07 August 2010

A report by Abu Dhabi's Department of Economic Development has said the country aims to increase its oil production capacity to 3.5 million barrels per day (bpd) by 2018 from the current 2.7 million bpd, Reuters has reported. The report also estimated the UAE's proven oil reserves at 98.2 billion barrels, slightly higher than the 97.8 billion number released by the Organization of the Petroleum Exporting Countries (OPEC) earlier this year.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications