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Kuwait Petroleum Corporation (KPC) and its subsidiaries reported a net profit exceeding 2.6 billion Kuwaiti dinars ($8.48 billion) for the last fiscal year, the highest in a decade. KPC's CEO, Nawaf Saud al-Sabah, announced the achievement, revealing that the company had also increased its oil production capacity by 200,000 barrels per day (bpd) to reach 2.8 million bpd in the same period.

Kuwait Petroleum Corporation posts net profit of $8.5 billion in last fiscal year

Kuwait Petroleum Corporation (KPC) and its subsidiaries reported a net profit exceeding 2.6 billion Kuwaiti dinars ($8.48 billion) for the last fiscal year, the highest in a decade. KPC’s CEO, Nawaf Saud al-Sabah, announced the achievement, revealing that the company had also increased its oil production capacity by 200,000 barrels per day (bpd) to reach 2.8 million bpd in the same period.

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