Al Hameli: UAE and Arab oil producers invest heavily in petrochemical industry

Cairo - Dec 26, 2010 (WAM)- The UAE's Energy minister Mohammad Bin Dhaen Al-Hameli said many Arab countries, including the UAE, are investing heavily in the petrochemical industry relying on their huge oil and gas reserves. Arab countries, including the oil exporting countries, are working on expanding economic and trade cooperation, Al Hameli told reporters in Cairo.
Arab oil ministers are in Cairo for the 85th ministerial meeting of the Organisation of Arab Petroleum Exporting Countries, or OAPEC. The UAE minister hailed the outcome of the meeting is set to further bolster intra-Arab oil cooperation. – Emirates News Agency, WAM