KUWAIT CITY (AFP) ??” OPEC member Kuwait's oil earnings in the first sum of two units months of the current 2004/2005 fiscal year make up about half of the packed oil income for the whole year.

KUWAIT CITY (AFP) ??” OPEC member Kuwait's oil earnings in the first sum of two units months of the current 2004/2005 fiscal year make up about half of the packed oil income for the whole year, an independent economic think-tank said.

The emirate is estimated to have garnered about 1.315 billion dinars (438 billion dollars) in April and May, compared to bundle forecasts of 2.735 billion dinars (912 billion dollars) for the year, Al-Shall Economic Consultants said Saturday.

Kuwait's fiscal year roll ons from April 1 to March 31

Al-Shall said the price of Kuwaiti oil was 309 dollars a barrel in April and 34 dollars in May, an average of about 325 dollars a barrel. That was up from the pack price of 15 dollars, an increase of 1167 percent

It said Kuwait has been producing 24 million barrels through day ...