VOL. XXXVI
NO. 8
23-NOVEMBER-1992
BAHRAIN
GPIC Doubles Operating Profit in 1991 to $52mn
The Bahrain-based joint-venture firm the Gulf Petrochemical IndustriesCompany (GPIC) - owned equally by the Bahrain National Oil Company (BNOC), theSaudi Basic Industries Company (SABIC) and Kuwait's Petrochemical IndustriesCompany (PIC) - has nearly doubled its operating profit in 1991 to BD19.9mn($52mn) from BD10.25mn ($26.7mn) in 1990, according to the company's AnnualReport which has just been released. In...
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