Saudi oil, gas sector witnesses 34% hike in online recruitment

As Saudi Arabia focuses on economic diversification, job opportunities in purchase, logistics and supply chain sectors are likely to grow further in 2017. (Reuters)
Updated 09 January 2017
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Saudi oil, gas sector witnesses 34% hike in online recruitment

JEDDAH: The oil and gas sector in Saudi Arabia has witnessed 34 percent increase in online recruitment, which is indicative of a strengthening economy.
However, online recruitment in other sectors in the Kingdom have slowed considerably, said a report issued by Monster Employment Index (MEI).
While the November MEI figures record an overall decline in year-on-year momentum in Saudi Arabia — a 7-percentage point decline from -12 percent in October to -19 percent in November — the oil and gas industry continues to lead growth in online recruitment in the Kingdom from the same period last year. This is followed by 10 percent growth in the education sector. The highest decline was observed in the hospitality sector at -41 percent reflecting the challenges the industry is facing at the regional level.
Sanjay Modi, managing director of Monster.com, APAC and Middle East, said: “While it is encouraging to see continued growth in the oil and gas industry, this is not projected to rise further amid supply cuts announced recently by the Organization of the Petroleum Exporting Companies (OPEC). However, as the Kingdom focuses on economic diversification, job opportunities in purchase, logistics and supply chain sector are likely to grow further in 2017.”
The outlook for 2017 is positive for jobseekers in Saudi Arabia, he said.
The MEI is a monthly gauge of online job posting activity in the Middle East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career websites and online job listings. It does not reflect the trend of any particular advertiser or source, but is an aggregate measure of the change in job listings across the industry.


Tunisia to almost double gas production this year

Updated 18 January 2019
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Tunisia to almost double gas production this year

  • The project will be jointly owned by Austria’s OMV and Tunisian National Oil Company ETAP
  • It will include investments of about $700 million

TUNIS: Tunisia will almost double production of natural gas to about 65,000 barrels of oil equivalent per day this year, the industry and energy minister, Slim Feriani, told Reuters on Friday.
The country’s gas output will jump from 35,000 barrels of oil equivalent per day (boed) when the southern Nawara gas field comes onstream in June, Feriani said.
“We will raise our production by about 30,000 barrels of oil equivalent when the Nawara project in the south will start,” Feriani told Reuters in interview.
This project will be jointly owned by Austria’s OMV and Tunisian National Oil Company ETAP with investments of about $700 million.
Feriani also said Tunisia was seeking to attract about $2 billion in foreign investment to produce 1,900 megawatts (MW) of renewable energy in three years. “We will start launching international bids for the production of renewable wind and sun energy. We aim to produce 1,900 MW by investment of up to $2 billion until 2022,” he said.
This would represent about 22 percent of the country’s electricity production.
PHOSPHATE
Tunisia also plans to raise production of phosphate from 3 million tons to 5 million in 2019, he said.
Raising the output will boost economic growth and provide revenue to revive its faltering economy, the minister said.
Phosphate exports are a key source of foreign currency reserves, which have dropped to levels worth just 82 days of imports, according to Tunisia’s central bank.
Tunisia produced about 8.2 million tons of phosphate in 2010 but output dropped after its 2011 revolution. Annual output has not exceeded 4.5 million tons since 2011.
Feriani said lower production has caused Tunisia to lose markets and about $1 billion each year.
Phosphate exports were hit by repeated protests in the main producing region of Gafsa, where unemployed youth demanding jobs blockaded rail transport.