No 41



Qatar Petroleum 2001 Net Income Slips 12% After Jump In 2000

Qatar Petroleum (QP) announced in its 2001 annual report that net income fell 12% to QR7,697mn ($1=QR3.64) in the year on sales revenue of QR31,228mn compared with 2000 net income of QR8,752mn and sales revenues of QR31,873mn. The slip follows the sharp 160% jump in net income QP saw in 2000 versus 1999 levels (MEES, 17 June). Net income for 2001 fell as a result of a drop in sales (lower production...