VOL. XLIV

No. 03

15-January-2001

KUWAIT

Kuwait Petroleum Italia Made $7Mn Pre-Tax Profit In FY 1999-2000

Kuwait Petroleum Italia (Kupit) part of Kuwait Petroleum International, the overseas refining and marketing arm of the Kuwait Petroleum Corporation (KPC) made a pre-tax profit of L15bn ($7mn) in the year up to 30 June 2000. The operating result of L53bn ($26mn) was an increase of L16bn ($8mn) over the previous year. Kupit said it was able to register a profit in FY 1999-2000, compared to...