VOL. XLIV

No. 22

28-May-2001

KUWAIT

KOC Estimates Production Cost Of $1.30/B In FY 2001-02

The Budgets Committee of Kuwaits National Assembly, as part of its assessment of the budget of the Kuwait Petroleum Corporation (KPC) and its subsidiaries, says the Kuwait Oil Company (KOC) has estimated the cost of producing one barrel of crude oil in FY 2001-02, assuming average production of 1.983mn b/d, at 400 fils ($1.30). The estimate takes account of wages and other expenditure. The barrel production...