VOL. XLV

No 28

15-July-2002

OMAN

OLNG Earns $692Mn Profit In First Full Year OfOperation

Oman LNG(OLNG) earned a net profit of $691.75mn (on revenues of $1.18bn) in 2001, whichwas its first full year of operation, compared to the $3.19mn loss (on revenuesof $0.47bn) in the nine months of operations in 2000, according to thecompanys Annual Report 2001. In 2001OLNG saw a 43.8% return on average capital employed (the business plan targetwas 22.3%) and a return of 124.8% on average shareholder funds...