VOL. XXXIII

NO. 41

16-JULY-1990

Kuwait

KPC's Net Profits Estimated to Rise 30% in 1990-91

Net profits of the Kuwait Petroleum Corporation (KPC) in fiscal 1990-91 (1July 1990-30 June 1991) are forecast to increase by 30% to KD177.5mn ($605.8mnat the current exchange rate of $1=KD0.279) from the previous year's budgetedfigure of KD136.5mn ($465.9mn), according to the corporation's budget, which waspublished under Law No. 54 of 1990 in the Kuwaiti Official Gazette.

KPC's revenues in 1990-91 are...