KUWAIT

KPC's Estimated Revenues Rise by 4.2% in 1987-88 Budget

The total revenues of the state-owned Ruwait Petroleum Corporation (KPC) for the fiscal year 1987-88 (which began on 1 July) are estimated to increase by 4.2% to RD2,606.5mn ($9,181mn at the current rate of exchange of 1KD = $3.5224) from the 1986-87 budget estimate of KD2,501.4mn ($8,810.9mn). The corporation's expenditures are also estimated to increase by 3% rising to KD2,434.3mn ($8,574.5mn) in 1987-88 from...