VOL. XLIV

No. 17

23-April-2001

OAPEC

APICORP Reports 16% Profit Rise For 2000

The OAPEC-sponsored Arab Petroleum Investments Corporation (APICORP) announced on 7 April that it had achieved a 16% increase in profits in the year 2000 to reach $40.4mn compared to $34.9mn the previous year, an increase mainly attributable to higher income from project and trade finance. In a statement issued following the Corporations 25th Annual Ordinary Meeting held on 4-5 April in Cairo, APICORP said that total...