VOL. XXXI

NO. 42

25-JULY-1988

KUWAIT

KPC's Estimated Profits to Fall by 30% in 1988-89 Budget

Contrary to previous reports (see item on Kuwait's budget for fiscal 1988-89in MEES, 18 July), the 1988-89 budget of the Kuwait Petroleum Corporation (KPC),which began on 1 July, was only delayed and has subsequently been publishedunder Law No. 40 of 1988 in the 17 July issue of the Official Gazette.

According to the budget figures, KPC's 1988-89 net profits are estimated toamount to KD120.8mn ($428.4mn at...