VOL. XL

No. 37

15-September-1997

KUWAIT

KPC's 1997-98 Budget Approved: Net Profits Estimated At $2.2Bn

The net profits of the state-owned Kuwait Petroleum Corporation (KPC) and itssubsidiary companies for fiscal 1997-98, which began on 1 July, are estimated to rise toKD671.612mn ($2,202mn at the current exchange rate of $1= KD0.305), up by 17.7% from theprevious year's figure of KD570.721mn ($1,871.2mn). The KPC budget was approved by theNational Assembly and ratified under Decree Law No. 51 of...