VOL. XXXI

NO. 43

1-AUGUST-1988

OAPEC

ADWOC Registers Operating Profit of $1.8mn in 1987

The OAPEC-sponsored Arab Drilling and Workover Company (ADWOC) - owned by theArab Petroleum Services Company (40%), the Arab Petroleum InvestmentsCorporation (20%) and the KPC owned Santa Fe International Services Inc. (40%) -registered in 1987 a net operating profit of $1,846,668 and decided to pay itsshareholders a cash dividend of LD500,000 ($1,831,750) for the year. ADWOC,headquartered in Tripoli, Libya,...