KPC Announces KD 1.8 Bln in Profit Till End of Nov. 2012

Source: KUNA 1/8/2013, Location: Middle East

Kuwait Petroleum Corporation (KPC) made KD 1.8 billion in profit till end of November 2012, Managing Director for Financial and Administrative Affairs at the state-owned firm Ali Al-Hajri said.

His remarks to reporters came after the opening of the KPC-organized environmental conference earlier today. Al-Hajri also predicted a KD-2.3 to KD-2.4 billion in net profit by the end of the fiscal year; figures approximate to last year's.

He attributed the "good" profit to proximity in oil prices, as well as choosing the right time to shut down refineries for maintenance purposes in order to achieve best results and provide high-quality products.


Morocco >>  8/17/2022 - Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland. is pleased to announce t...
Cameroon >>  8/16/2022 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces that it has made an annual award of share options under i...

Norway >>  8/16/2022 - Reference is made to the stock exchange announcement on 11 August 2022 made by PGS ASA (“PGS” or the “Company”) regarding the conversion of NOK 75,712...
Argentina >>  8/15/2022 - Echo Energy plc, the Latin American focused upstream oil and gas company, is pleased to announce the results of the Placing, further to the Company's ...

Bermuda >>  8/15/2022 - Valaris Limited has commenced a consent solicitation (“Consent Solicitation”) with respect to proposed amendments to the indenture (the “Indenture”) g...
Canada >>  8/15/2022 - Civeo Corporation, a leading provider of hospitality services to the natural resources sector, announced that it has agreed to repurchase approximatel...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.