OAPEC
ADWOC's Profits Fall by Over 68% in 1985
The OAPEC-sponsored Arab Drilling and Workover Company (ADWOC) - owned by the Arab Petroleum Services Company (40%), the Arab Petroleum Investments Corporation (20%) and the KPC-owned Santa Fe International Services Inc. (40%) - registered in 1985 a net profit of $2,471,438, down 68.3% from the 1984 profit of $7,796,820, according to the company's Annual Report which has just been released. ADWOC, headquartered in Tripoli, Libya, was...
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