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Oil sectors employees salary increase came with no pressure |
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Tuesday, 13 September 2011 23:56 |
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KUWAIT: The salary increase for employees of the oil sectors, which cost KD 142 million, came with no enthused pressure, said Minister of Oil and Minister of State for National Assembly Affairs Dr Mohammad Al-Busairi yesterday.
Al-Busairi said in a press conference that the meeting of Kuwait Petroleum Corporation's (KPC) board had aimed for a KD 183 million-increase in total, but added that such increase could not be achieved.
Al-Busairi lauded oil sectors employees union's decision to cancel the strike on Sept 18, affirming that the salary increase would not affect the state's budget. Since the 1970s and until 2003, the salary of oil sector employees remain the same until recently when it turned out that their GCC counterparts received more income, said the minister, affirming that the current increase would hopefully meet the demands of employees.
The official pointed out that in the upcoming five years, a survey would be conducted regularly to review the status of employees due to their important role in Kuwait economy. In regards to the exemption of oil ministry employees from the new increase, the minister noted that the employees of the ministry were being paid by the government, adding that such was explained to employees of the ministry.
Al-Busairi congratulated the oil sector employees on the new increase, hoping that such would develop Kuwait oil industry. Kuwait oil production reached 2.9 million barrels per day recently with hopes of reaching 3 percent soon. Such increase will allow Kuwait to obtain around 3 percent of the total global oil production and around 10 percent within OPEC. --- KUNA
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