Mohammed al-Mutairi said the facility would be built in Mutlaa, an area in northern Kuwait.
UAE to establish a petrochemical complex of Mubadala in Kazakhstan; protocol amending agreement of mutual visa exemption.
Saudi, Russia, Iraq support extending cuts by 9 months
General Electric signed a joint venture agreement with Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam
Iran's oil minister Bijan Zanganeh said Iran will not decrease its own production and that regional rival Saudi Arabia is trying to drive up oil prices
The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to decide on output policy after June
The $50 million grant fund, which was launched earlier this year operates under the management of Ministry of Foreign Affairs and International Cooperation
Emirates is committed to oil production targets agreed upon in the latest OPEC-led deal to curb output.
President Donald Trump's proposal to sell half of the U.S. strategic oil reserve highlights a decline in the biggest oil user's reliance on imports.
Tackling climate change could boost the world's 20 biggest economies by nearly 5 percent in 2050.