No.52/ No. 01

25-Dec.-2000/1 Jan. 2001


Kuwait Allocates $7.6Bn For Oil Projects In Fiscal Year 2001-2002

Kuwaiti Oil Minister Shaikh Sa'ud Nasir al-Sabah said on 19 December that KD 2,329mn ($7.6bn) had been allocated for oil projects in fiscal year 2001-2002 (beginning 1 April 2001). Of this total, 77% (KD1,788mn) would be assigned to the Kuwait Oil Company (KOC) and 14.4% (KD335.6mn) to the Kuwait National Petroleum Company (KNPC see Table). Shaikh Sa'ud said there had...