VOL. XXXVII

NO. 51

19-SEPTEMBER-1994

KUWAIT

KPC's 1994-95 Budget Estimates Net Profits At $1,048mn

The net profits of the Kuwait Petroleum Corporation (KPC) and its subsidiarycompanies for fiscal 1994-95, which began on 1 July, are estimated at KD311.9mn($1,047.7mn at the current rate of exchange of KD1= $3.3591), down by 7.75% fromthe previous year's estimate of KD338.1mn ($1,135.7mn), according to the budgetfigures which have been published under Law No. 89 of 1994 in the 22 Augustissue of the...