The company said that it will pay a dividend of QAR1.1 riyals ($0.30) per share for 2014.
The company said that its contracts were based on fixed rates which had an average life of between three and five years.
Crude oil prices have plunged more than 55 per cent since June, when benchmark Brent traded above $115 a barrel and U.S. crude above $107.
Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.
Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.
King Abdullah said that lower prices were primarily caused by weakness in the global economy.
Additional supply from Iraq and Russia have entered the market, offsetting the lack of exports from Libya, experts say.
Many US firms are racing to revamp their policies, cashing in well-placed hedges to increase the number of future barrels hedged, according to industry consultants.
The new long-term facility was arranged by Abu Dhabi Commercial Bank, First Gulf Bank and Mashreq , the firm said in a statement to the Dubai bourse
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.
The energy project appears to be one of the first suspended in Saudi Arabia in response to the halving of the oil price in the last six months.
Oil prices have collapsed this year as the OPEC opted to maintain the same level of output despite a supply glut.
The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.
Supply from OPEC averaged 29.98 million bpd in December, down from a revised 30.25 million bpd in November, according to a survey.
The fuel retailer has slashed the price of diesel by an additional 20 fils to Dhs3.10 per litre as of December 30.
The start-up phase will involve testing equipment at the plant, which has annual production capacity of 4,000 tonnes, a statement said.
Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.
The facility is located in Saudi Arabia’s Jubail Industrial City.
Output from Libya remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi.
Iraq’s oil minister Adel Abdul Mahdi did not specify the form of intervention that OPEC should adopt.
The delegates said they may not see – and some may not even welcome now – a return to $100 per barrel any time soon, a price that was previously considered ideal.
Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.
OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.
Brent crude is down 46 per cent from the year’s peak in June above $115 per barrel.
The remark was one of the strongest signals yet that the world’s top oil exporter has no intention of cutting output in the face of sliding oil prices.
Badri said that it is hard to tell the impact of low oil prices on the market yet.
The official also ruled out a possibility of an emergency meeting in June.
Saudi Oil Minister Ali al-Naimi insisted that oil prices would improve, although it was unclear when.
Fitch Ratings downgraded Bahrain’s credit outlook last week to negative, saying the fall in oil exacerbated an already challenging fiscal situation.
OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.