VOL. XXXI

NO. 14

11-JANUARY-1988

OPEC

Arab Petroleum Services Company Registers Net Profit of $650,000 in1986

The OAPEC-sponsored Arab Petroleum Services Company (APSC) registered in 1986a total revenue of LD703,615 ($2.2mn at the 1986 average rate of exchange of LDl= $3.186) and a net profit of LD201,753 ($642,785) compared to revenues ofLD712,580 ($2.77mn) and net profits of LD180,463 ($575,018) in 1985. Thecompany, headquartered in Tripoli, Libya, was established in 1977 with a paid-upcapital...