VOL. XLIV
No. 18
30-April-2001
BAHRAIN
Intoil Group Reports Net Profit Of $6.24Mn In 2000
Bahrain-based private oil and gas company Intoil ec has reported a net profit of around $6.24mn in 2000 after making a final provision of $2.77mn in its accounts to complete the write down of its investment in the Mubarek field in the Sharjah offshore. Hassan Fakhro, Intoils Chairman and CEO, writing in the companys Annual Report 2000, said production of oil and gas in 2000 increased by 6.2%, "in spite of...
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