The persistent weakness in the price of crude oil in the international market has raised the prospect of massive job losses in the Nigerian oil and gas industry.
Oil prices have fallen in the last few days to their lowest levels since 2003, trading around $27 per barrel last week, before rallying to about $32. The Nigeria Union of Petroleum and Natural Gas Workers had on Friday warned Chevron and Shell against sacking oil workers in Nigeria.
The NUPENG, in a statement signed by its National President, Dr. Igwe Achese, said it was worried and concerned about the purported threat to sack about 18,500 workers globally in Chevron and Shell. “It is a sacking too many, as oil workers in Chevron Nigeria and Shell will be affected,” the union said. The Chairman, Nigerdock Nigeria Plc and the Jagal Group, Mr. Anwar Jamarkani, at the load-out and sail-away ceremony of a gas project at the weekend, lamented the lack of new projects in the industry, saying some projects had been deferred by producers.
“We are witnesses to what is going on in some of the largest companies in Korea, who are leaders in international fabrication – HHI, Samsung and Daewoo. All of them have lost money and are about to lose their shares. Yet, they have work orders for 10 years forward. I don’t have orders for six months. “I have 1,000 people out there and I have to stand before them and tell them where their future is.”
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