VOL. XLII
No. 28
12-July-1999
KUWAIT
KPC担 1999-2000 Budget Approved; Net Profits Estimated ToFall By Over 15% To $1.83Bn
The net profits of the state-owned Kuwait PetroleumCorporation (KPC) and its subsidiary companies for fiscal year 1999-2000, whichbegan on 1 July, are estimated to fall to KD560.5mn ($1,829.9mn at the exchangerate of $1=KD0.3063), down by 15.2% from the previous figure of KD660.6mn($2,156.6mn). According to the budget, which was ratified under Decree Law No.45 of 1999 and...
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