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.