FINANCIAL NEWS

Oman- Operations at Petroleum Development back to normal

04 Jun 2012

(MENAFN) Petroleum Development Oman (PDO), the country’s largest oil exploration and production firm, stated that operations at the facility are back to normal following a strike by several contractors that took place last week, reported Arabian Business.

The company added that the strike of the contract workers, who demanded better retirement benefits and health insurance, had no effect on the company’s oil output.

It said that the firm’s managers, government officials and union representatives reached a deal to reinstate the workers that were fired during the strike, with full pay.

It is worth noting that PDO contributes more than 70 percent of the Sultanate oil output and almost all natural gas production.

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