UAE Accelerates Plan to Increase Its Oil Production Capacity

The United Arab Emirates has accelerated a plan to raise its oil production capacity, according to people familiar with the matter, as it tries to cash in on its crude reserves before the world transitions to cleaner energy.

Abu Dhabi National Oil Co., which pumps almost all the UAE’s oil, wants to be able to produce 5 million barrels of crude a day by 2025, according to the people. That’s sooner than a previously disclosed aim of 2030.