VOL. XXXV

NO. 7

18-NOVEMBER-1991

General

GPIC Doubles Operating Profit in 1990

The Bahrain-based Gulf Petrochemical Industries Company (GPIC) - the jointventure owned by the Bahrain National Oil Company (Banoco), the Saudi BasicIndustries Corporation (Sabic), and Kuwait's Petrochemical Industries Company(PIC) - announced in its 1990 Annual Report, which has just been released, anoperating profit of BD13.8mn ($27mn), up from BD5.2mn ($13.8mn) in the previousyear. The report stated, without giving...