The UAE, on average, produced 2.67 million barrels per day (bpd) in October, 0.74 per cent lower than its output in September, latest data from the Paris-based International Energy Agency (IEA) showed.
“In the first quarter of 2013, increased capacity is expected from a steady ramp up in production from Iraq (320,000 bpd) as well as start-up of project expansions in the UAE (220,000 bpd),” said the IEA, which advises 28 industrialised countries on energy policy.
The UAE has a sustainable oil production capacity of 2.79 million bpd at present, according to the IEA.
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