VOL. XLI

No. 36

7-September-1998

KUWAIT

KPC's 1998-99 Budget Approved: Net Profits Estimated To Fall By 1.6% To $2.15Bn

The net profits of the state-owned Kuwait Petroleum Corporation (KPC) and itssubsidiary companies for fiscal year 1998-99, which began on 1 July, are estimated to fallto KD660.6mn ($2,149mn at the exchange rate of $1= KD0.3074), down by 1.6% from theprevious year's figure of KD671.6mn ($2,185mn). According to the budget, which wasapproved by the National Assembly and ratified...