UAE plans to increase crude production capacity to 5m bpd: Bloomberg

RIYADH: The UAE is pursuing a plan to increase its crude production capacity to 5 million barrels per day by 2025. 

Quoting people familiar with the matter, Bloomberg reported that the Abu Dhabi National Oil Co., had initially targeted to achieve 5 million bpd of production by 2030, and now the firm has revised its goal. 

According to the report, the UAE is aiming to sell more oil and natural gas when the prices of fossil fuels are high.