By Staff writer
Thousands of US workers have been fired since Nov as oil prices plunge on OPEC policy backed by Gulf kingdom
Workers fired from shale fields in the United States after the slump in oil prices are reportedly being offered new jobs in Saudi Arabia.
State-owned Saudi Aramco is posting new job ads online aiming to snap up experts in extracting oil from shale, Bloomberg reported.
Thousands of US workers have been fired since November as oil prices plunged because of oversupplies, driven in part by an OPEC decision supported by Saudi Arabia, Bloomberg said.
It quoted Tobias Read, CEO of recruiter Swift Worldwide Resources, as saying: “We’ve seen people who have historically been reticent to look at Saudi Arabia who are now more accepting of a job there... The conditions are just quite difficult.”
Nigel O’Connor, a spokesman for Saudi Aramco, told Bloomberg in an emailed statement: “To support the implementation of our strategy and continued growth, Saudi Aramco continues to hire expertise in a number of technical areas across the unconventional gas resource value-chain."