Abu Dhabi oil capacity to top 3.5 million barrels per day next decade

08 Jan, 2009

The Abu Dhabi government's economic plan sees oil production capacity topping the previous target of 3.5 million barrels per day (bpd) over the next decade. The document, outlining the emirate's development plans to 2030, did not say by how much capacity in the world's fifth-largest oil exporter would exceed the target.
Officials have previously said the Opec member would reach 3.5 million bpd over the next 10 years. The plan gave no details of capacity plans beyond the next decade to 2030. The emirate of Abu Dhabi leads the United Arab Emirates, produces most of its oil and holds more than 90 percent of its oil reserves.

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