VOL. XXXVI

NO. 45

9-AUGUST-1993

KUWAIT

KNPC Posts Profit Of $13.8Mn In 1991-92

The Kuwait National Petroleum Corporation (KNPC) - the local refineryoperating and product marketing subsidiary of the state-owned Kuwait PetroleumCorporation (KPC) - posted a net profit of KD4mn ($13.8mn at the averageexchange rate for 1991-92 of 1KD=$3.4447) during fiscal 1991-92 as comparedwith a loss of KD175.7mn ($602.8mn) in 1990-91, according to the company'sAnnual Report.

According to the report, KNPC's fixed...