VOL. XXXVII
NO. 1
4-OCTOBER-1993
BAHRAIN
GPIC's Operating Profit Declines By 43% In 1992
The Bahrain-based Gulf Petrochemical Industries Company (GPIC) - thejoint-venture firm owned by the Bahrain National Oil Company (Banoco), theSaudi Basic Industries Corporation (SABIC) and Kuwait's Petrochemical IndustriesCompany (PIC) - registered an operating profit in 1992 of BD8.6mn ($22.8mn), a43% drop from the 1991 profit of BD19.9mn ($52.8mn), according to the company's1992 Anuual Report which has just...
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