The UAE Plans To Ramp Up Its Oil Production Capacity ...Middle East

The United Arab Emirates (UAE), one of OPEC’s key members, is accelerating plans to raise its oil production capacity to 5 million barrels per day (bpd) five years earlier than planned, Bloomberg reported on Monday, quoting sources with knowledge of the new plans. The UAE is thought to be one of the only two oil producers in the world—together with Saudi Arabia—with some spare oil production capacity currently left. Abu Dhabi National Oil Company (ADNOC) has had for years planned to boost its oil production capacity from 4 million…

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