VOL. XLIV

No. 06

5-February-2001

KUWAIT

Santa Fes Net Income Down 28.4%In 2000

Santa Fe InternationalCorporation, in which the Kuwait Petroleum Corporation (KPC) has a 38.6% stake,announced on 23 January that its net income for the year ending 31 December2000 totaled $107.2mn, down 28.4% from $149.8mn in the previous year. Operatingrevenues over the same period fell by 4.9% from $614.2mn to $584.0mn But SantaFes President and CEO Sted Garber said the companys results reflected modestquarterly...