VOL. XXXIX

No. 44

29-July-1996

OAPEC

AMPTC Registers Net Profit Of $7.3Mn in 1995

The OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC) - which is jointly owned by Saudi Arabia, Kuwait, Iraq, Qatar, the UAE, Libya, Algeria and Egypt and based in Kuwait - has announced net profits of $7.33mn for 1995, a 156% increase over profits of $2.86mn in the previous year, according to the company's Annual Report, which has just been released. As a result of improved performance...