The Abu Dhabi National Oil Company is moving ahead with development projects that will increase United Arab Emirates oil production over the next 2 to 3 years to 3.5 million B/D from a current level of 2.9 million B/D, company Director General Abdullah Nasser al-Suwaidi said recently. The projects represent about USD 35 billion of planned total investment and will target offshore development, a shift from the company’s historical onshore focus. Al-Suwaidi said that the UAE could not afford to lose global market share by curtailing supply.
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