VOL. XXXVI

NO. 41

12-JULY-1993

KUWAIT

KP Italia Sustains Losses Of $45Mn In 1992

Kuwait Petroleum Italia, the wholly-owned Italian refining and marketingsubsidiary of the state-owned Kuwait Petroleum Corporation (KPC), sustainedoperating losses in 1992 of IL55bn ($45mn at the 1992 average exchange rate of$1.00=IL1,232.4), according to the company's Annual Report, which was recentlyreleased. The report points out that these losses can be mainly attributed tothe fluctuations that occured during the...