In 2015 BP oil and gas company will freeze raise of salaries to reduce the costs against the background of slump of oil prices, Financial Times quoted Robert Dudley, BP President, as saying his employees.
In 2016 he promised that the salaries will be raised as usually.
Salary makes major part of BP’s operation costs.
According to Reuters, in 2013 the company paid its 83,900 employees a little less than $14 billion as salaries and pensions.
In early January the company said that it will reduce 200 positions in the staff and 100 contract positions.
According to the restructure plans, the company plans to sell assets worth $10 billion by 2016.
The company usually raised salaries of its employees by in average 3-5% a year.—0—
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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