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Kuwait National Petroleum Co (KNPC) has hit a record-high profit valued at $3.31 billion for 2022-23. The company’s profit for this year was 198% higher than the previous cycle. This sharp increase in profit is largely linked to the rise in oil prices and the construction of the refineries in Mina Al Abdullah and Mina Al Ahmadi ports.

Kuwait’s KNPC posts record-breaking $3.3 billion profit

Kuwait National Petroleum Co (KNPC) has hit a record-high profit valued at $3.31 billion for 2022-23. The company’s profit for this year was 198% higher than the previous cycle. This sharp increase in profit is largely linked to the rise in oil prices and the construction of the refineries in Mina Al Abdullah and Mina Al Ahmadi ports.

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