VOL. XXXVIII

NO. 27

3-APRIL-1995

Oil Prices

Bahrain

GPIC Posts Operating Profit Of $127Mn in 1994

The Bahrain-based joint-venture Gulf Petrochemical Industries Company ownedone third each by the Governments of Bahrain, Kuwait and Saudi Arabia has postedan operating profit for 1994 of BD47.7 ($126.6mn), a 262% increase over the 1993operating profit of BD13.2mn ($35mn), according to a statement issued in Manamaon 14 March. Although the company's statement did not give a figure for thecompany's net...