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SAUDI ARAMCO TO BOOST CAPACITY; ABU DHABI TO INCREASE SUPPLY

Saudi Arabia steamed ahead with its new energy play by directing the kingdom’s oil company Aramco on Wednesday to increase its maximum production capacity, while Abu Dhabi’s oil and gas company ADNOC followed suit by saying it was boosting output by 25% to 4 million barrels per day.

Abu Dhabi’s decision to increase production

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