English>

MarketNews

Nigeria's NNPC fired 850 workers, many from refineries, oil union says - REUTERS

JULY 14, 2020

ABUJA, July 14 (Reuters) - The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an oil union said on Tuesday.

The workers are both skilled and unskilled contractors, including technicians who helped maintain Nigeria’s oil refineries, said Lumumba Okugbawa, general secretary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), speaking on the phone.

The NNPC did not immediately respond to requests for comment.

Layoffs in Nigeria’s oil sector are a tense issue, with frequent stand-offs between the NNPC and unions. Nigeria is dependent on crude sales to prop up its struggling economy, now at risk of its worst recession in four decades due to the coronavirus and the pandemic tanking global oil prices.

Yet Nigeria’s refineries are barely operational. Almost all of the country’s fuel supply is processed overseas at great cost, despite Nigeria being Africa’s largest crude producer.

In May, the NNPC said it had more than 6,600 staff. (Reporting by Camillus Eboh and Paul Carsten, editing by Ed Osmond)

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics