OAPEC

AMPTC Registers Net Loss of $84mn in 1984 

The OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC) registered a net loss (including depreciation on its fleet and losses incurred in the sale of two of its tankers) of over $84mn in 1984, compared with a net loss of $46.4mn in 1983, according to the AMPTC Annual Report for 1984. However, the company's operating revenues in 1984 increased to $22.6mn from $14mn in the previous year and its operating costs rose to...