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‘Merger’ will not cut number of national employees in oil sector

KUWAIT CITY, Feb 19: Petroleum Engineering Professor at Kuwait University Dr Talal Al-Bazalli has affirmed that the merging of local oil companies will not reduce the number of national employees in the oil sector, because the companies will remain and only the names will change while the number of overlapping projects among oil companies will decline, reports Al-Jarida daily.

Speaking to the daily, Al-Bazalli pointed out the merger will make the State a big and great entity with the ability to compete globally in attracting foreign investors. He explained this decision was taken in order to improve global competition and make the oil sector more flexible, not because of renewable energy and electric cars

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