VOL. XXXII

NO. 7

21-NOVEMBER-1988

OAPEC

Review of Apicorp's 1987 Operations

The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) realizednet profits of $16.15mn in 1987, compared to $41.56mn in the previous year,according to the corporation's 1987 Annual Report. The report attributes themodest figure for 1987 to "the mood in the investment and financial marketsin 1987." Apicorp's assets declined to $1.02bn in 1987 from $1.06bn in1986, of which revenue earning assets accounted for...