The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said on Tuesday.
The UAE, one of the world's top oil exporters, increased its production capacity from 2.7 million bpd to around 2.8 million bpd earlier this year and expects to add another 200,000 bpd of capacity over the next few months.
"Oil production capacity in the UAE should reach 3 million bpd by the end of this year, and already the current capacity is around 2.8 million bpd," said an industry source familiar with the projects.
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