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FinancialNews


  • 26-11-17

    500 employees at QatarGas, RasGas laid off

    (MENAFN) Two largest gas producers in Qatar "QatarGas and RasGas" have laid off around 500 employees this week because of the diplomatic crises between Qatar and its neighboring states amid the blockade facing the state, according to sources on Thursday.

    After the Gulf state's decision to merge the two liquefied natural gas (LNG) divisions of Qatar Petroleum, the layoffs had initially been slated for June.

    Qatar Petroleum's CEO has said that the merger of RasGas and Qatargas would help to cut operating costs by hundreds of millions of dollars at the world's largest LNG producer.

    MENAFN2611201700450000ID1096147714

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