VOL. XXXII

NO. 38

26-JUNE-1989

OAPEC

AMPTC Registers Operating Profit of $11mn in 1988

The OAPEC-sponsored, Kuwait-based Arab Maritime Petroleum Transport Company (AMPTC),which was set up in 1973 with an issued capital of $500mn and is owned by SaudiArabia, Kuwait, Iraq, Egypt, Libya, Qatar, the UAE, Algeria and Bahrain, registered a cash operating profit of $10.957mn, which when added to the company'sinvestment income of $2.085mn, gives a total cash profit for the year of$13.042mn. AMPTC's cash...