Qatar Petroleum's staff pledge amid global crisis

STAFF PLEDGE: Qatar oil and gas giant Qatar Petroleum has said it is planning to downsize amid global crisis. (Getty Images)

Qatar Petroleum (QP), the country’s flagship company, has ruled out cutting jobs despite admitting some projects have been postponed due to the global economic crisis.

“No. We are not downsizing,” said Abdullah Hussein Salatt, senior adviser to the minister of energy and industry, when asked whether the company was resorting to staff retrenchment.

“Of course, (falling) oil price has affected because of the current global economic situation,” he said, adding many projects that were not initiated had to be postponed.

“A few projects have been postponed,” he said in comments in Qatar daily Gulf Times, without elaborating.

He was speaking on the sidelines of a Qatar-Japan joint seminar on Technical and Economic Energy Issues, organised by QP, the Institute of Energy Economics, Japan, Japan Co-operation Centre, and the Japan Petroleum Institute.

He added that QP would look again at projects and conduct feasibility projects once the global credit crunch had eased.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM