Qatar LNG producers said to begin postponed job cuts

A liquefied natural gas (LNG) tanker crosses through the Suez Canal. (Reuters)
Updated 24 November 2017
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Qatar LNG producers said to begin postponed job cuts

DOHA/LONDON: Qatari gas producers QatarGas and RasGas this week began implementing job cuts that had been postponed because of the diplomatic crisis between Qatar and its neighboring states, sources told Reuters.
The layoffs had initially been slated for June after the Gulf state’s decision to merge the two liquified natural gas (LNG) divisions of Qatar Petroleum.
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.
Some engineers were given fresh appointment letters from the newly merged entities, while others were notified about redundancies, one of the sources said, declining to be named because of the sensitivity of the matter.
Another source said that as many as 500 staff had been axed.


EU to hit US imports from Friday in response to Trump tariffs

Updated 20 June 2018
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EU to hit US imports from Friday in response to Trump tariffs

BRUSSELS: The EU will start charging import duties of 25 percent on a range of US products from Friday after Washington imposed tariffs on EU steel and aluminum at the start of June, the European Commission said on Wednesday.
The Commission formally adopted a law putting in place the duties on €2.8 billion ($3.2 billion) worth of US goods, including bourbon and motorbikes.