May 30 2012
|more articles from|
Petroleum Development Oman Takes Steps To Resolve Strike
Wednesday, May 30, 2012
LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSA)-led Petroleum Development Oman is taking steps to reach a speedy resolution to an industrial dispute with contracting staff that began last week, the company said in a statement Wednesday.
"Operations at Qarn Alam have started to resume and further talks are taking place at Fahud," the company said, adding that the strike had resulted in a small reduction in oil production.
The company is currently working closely with the government, Royal Oman Police, contractors and other authorities in an effort to resolve the dispute that has caused significant disruption to the workforce.
The company, which is 60% state-owned, is responsible for more than 70% of Oman's crude oil production and nearly all of its natural gas supply.
(END) Dow Jones Newswires
© Copyright Zawya. All Rights Reserved.