VOL. XLV

No 32

12-August-2002

KUWAIT

KPC FY2002-03 Profit Forecast At $1.72Bn

Kuwaits parliament has approvedthe 2002-03 budget for Kuwait Petroleum Corporation (KPC), which estimatestotal revenue at KD4.35bn ($14.5bn), total expenditure at KD3.83bn ($12.7bn),with net profit down at KD519mn ($1.72bn). Last year KPC estimated profits for2001-02 at KD608mn ($1.98bn - MEES,30 July 2001), but these figures are yet to be confirmed, as the most recentcompany report only covers the nine months ending...