SOCAR to revisit investment projects
Falling crude prices have prompted Azerbaijan`s
state oil company SOCAR to reconsider the investment projects it is
involved in both within and outside the country, its president,
Rovnag Abdullayev, said.
He said the development would not cause staff cuts but did not rule out a reshuffle in the company`s staff.
"There will be no staff-cuts for the time being, but the issue is under review to optimize production. If we see that there are too many employees in a given field, we will try to compensate that not by staff-cuts, but by opening other jobs."
He said the development would not cause staff cuts but did not rule out a reshuffle in the company`s staff.
"There will be no staff-cuts for the time being, but the issue is under review to optimize production. If we see that there are too many employees in a given field, we will try to compensate that not by staff-cuts, but by opening other jobs."
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