VOL. XLIII
No. 39
25-September-2000
KUWAIT
KOTCs Profits Fall By 58% In Fiscal 1998-99
In a statement to the press on 19 September, the Chairman and Managing Director of the Kuwait Oil Tankers Company (KOTC), 'Abd Allah al-Rumi, disclosed that the companys profits in fiscal 1998-99 fell by more than 58% to KD11.36mn ($37.48mn) from KD26.17 ($86.36mn) in the previous year. KOTC, a wholly-owned subsidiary of the Kuwait Petroleum Corporation (KPC), currently has a fleet of 32 vessels comprising six...
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