Business | Oil & Gas

Al Halili places UAE oil output at 2.6mbpd

Increase to 3 million bpd in pipeline

  • WAM
  • Published: 17:18 January 19, 2013
  • Gulf News

Abu Dhabi: The United Arab Emirates current oil production is 2.6 million barrels per day, according to Energy Minister Mohammad Bin Dhaen Al Hamili.

In a statement made to Abu Dhabi Today TV on the sidelines of the Arab and South American energy ministers meeting, Al Hamili said the UAE targets increasing production to 3 million bpd this year.

“The UAE can produce 3 million barrels per day,” he said. “We should differentiate here between actual production and production capacity.”

Al Hamili said the UAE will continue its current production of 2.6 million bpd but can increase it to 3 million “if the market needed that”.

Gulf News
Retail Gold Rate
Business Editor's choice
Quick Access

  1. Markets

  2. Economy

  3. Property

  4. Aviation

Business Top Stories

  1. UAE 12th most competitive nation

  2. India infrastructure hopes hit roadblock

  3. Bitcoin miners push on in eternal hope

  4. Waiting on mobile ads to show up

  5. Beware of any further acceleration in stocks