100,000 OIL WORKERS LOSE JOBS GLOBALLY

The effect of plummeting crude oil prices may have hit hard on the global economy, as the Organisation of Petroleum Exporting Countries (OPEC) yesterday declared that about 100,000 people have lost their jobs to the situation.

Meanwhile, industry sources said that about 21,000 people working across the oil and gas value chain have already got their employment terminated in Nigeria.
According to the source, the industry has suffered major setback in the last few years due to the controversies trailing the nation’s oil and gas sector reforms particularly the Petroleum Industry Bill (PIB).

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