REGIONAL/OAPEC

 

APICORP Announces 24% Rise In Income In First Half 2012

The Arab Petroleum Investments Corporation (APICORP) has announced a net income of $51mn in the first half of 2012, up 24% from $41mn in the corresponding period of 2011. APICORP’s assets increased 18% to $5.12bn from $4.33bn over the same period under review. The multilateral development bank of the 10 OAPEC countries noted that first half results were bolstered by a 2012 second...