VOL. XLI

No. 35

31-August-1998

KUWAIT

Kuwaiti Oil Revenue Declines In 1Q 1998

Figures from the Central Bank of Kuwait (CBK) quarterly statistical bulletin(January-March, 1998) show that oil revenue has fallen to KD736.9mn ($2,400.3mn) in 1Q1998, representing a 29% drop from KD1.038bn ($3.38bn) in 1Q 1997 and a 28.5% declinecompared to the 4Q 1997 figure of KD1.030bn ($3.35bn). Total revenue (including otherreceipts) for 1Q 1998 fell to KD827.3mn ($2,694.8mn) compared to KD1,108.3mn ($3,610.1mn)...