According to Xinhua News Agency, the Kuwait National Oil Company announced on July 25 that the company will achieve a profit of 1.016 billion Kuwaiti dinars (approximately 3.31 billion U.S. dollars) in the fiscal year 2022-2023 (April 2022-March 2023). ), a year-on-year increase of 198%.
Kuwait's official news agency quoted a statement issued by the company's CEO Wada Khatib saying that the company's profit for the fiscal year increased by 675 million Kuwaiti dinars (2.2 billion U.S. dollars) compared with the previous fiscal year. Fiscal year profit was KWD 341 million ($1.11 billion).
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