VOL. XXXVIII

NO. 50

11-SEPTEMBER-1995

Kuwait

KPC's 1995-96 Budget Estimates Net Profits To Rise By 40% To $1,445Mn

The net profits of the Kuwait Petroleum Corporation (KPC) and its subsidiarycompanies for fiscal 1995-96, which began on 1 July, are estimated atKD437,047,000 ($1,444.78mn at the current exchange rate of KD1 = $3.3058), up by40% from the previous year's estimate of KD311,911,000 ($1,031mn), according tothe budget figures which were published under Law No.59 of 1995 in the 27 August...