‘KOC brings down gas burning rate to 1pc in 2015’ – Changing expat employees into contract-based eyed

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KUWAIT CITY, May 16, (KUNA): Chief Executive Officer of Kuwait Oil Company (KOC) Jamal Ja’afar said Sunday his company was able to reduce the rate of gas burning dramatically from 17 percent in 2005-2006 to just one percent last year. “This great achievement will serve as a reference point for the company while developing its strategy for 2040,” he said during a ceremony to celebrate the 25th anniversary of KOC’s strategic partnership with Kuwait University (KU).

The function gathered Minister of Education and Minister of Higher Education Dr Bader Al-Isa, the two former ministers of oil Abulmohsen Al-Mad’aj and Rashid Al-Omeiri, KU Chancellor Dr Hussein Al-Ansari, dean of the College of Engineering and Petroleum Dr Abdullatif Al-Khleifi and Head of the Petroleum Engineering Dept. Dr Abdullah Al-Ajmi, as well as dozens of academics and experts in the oil industry.

Ja’afar noted that the strategic partnership with the scientific and academic community made great strides in the last years and bore fruits in meeting the world standards of occupational safety, public health and environment protection. He took pride in the successful cooperation between KOC and College of Engineering and Petroleum in building the capacity of the national cadres and promoting the energy industry which constitutes the backbone of the national economy.

Also:

KUWAIT CITY: Leaders of the oil sector are considering the possibility of changing permanent expatriate employees of Kuwait Oil Company (KOC) and other relevant companies especially in the administrative and secretarial sectors, into contractbased employees, reports Annahar daily quoting sources from the oil sector. They explained that these employees, after they sign their contracts, will receive only half the salaries that they currently receive and they will also be deprived of bonuses and benefits such as travel tickets, insurance and retirement bonus. However, the sources indicated that such a decision will weaken the loyalty of the expatriate employees particularly those who have served for many years and are aware of the confidential information of the companies they work in.

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