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UAE, 7.4% oil output lift
- United Arab Emirates: Wednesday, February 01 - 2006 at 08:47
The UAE plans to increase oil output capacity to 2.9m bpd, a rise of 7.4%, reported Bloomberg citing Oil Minister Maohammad bin Dha'en Al Hamili. Capacity will be lifted by 100,000 barrels to 2.8m bpd in Q1, aided by two onshore oil fields, and up to 2.9m bpd by Q4.
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James McInerney, News EditorWednesday, February 01 - 2006 at 08:47 UAE local time (GMT+4)
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