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Abu Dhabi Seen Missing 2017 Target for Oil Capacity Boost

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Abu Dhabi will be at least a year late in boosting its crude-production capacity to a record 3.5 million barrels a day, officials at the state-owned oil company said.

The emirate will increase capacity only to 3.4 million barrels a day by the end of 2017, Qasem Al Kayoumi, the offshore exploration chief at Abu Dhabi National Oil Co., said at a conference in Abu Dhabi. The expansion project may not be completed until 2019, Ali Rashid Al Jarwan, who heads one of Adnoc’s offshore production units, said at the event.