![Kazakh oil companies increase salary of their employees with corrected tenge exchange rate](https://turan.az/resized/./turan-750-500-resize.webp)
Kazakh oil companies increase salary of their employees with corrected tenge exchange rate
Three oil companies operating in Kazakhstan – Sauts Oil, Maten Petroleum and Tengizchevroil - have recently announced their plans to increase salary of their employees by 10%.
“The company considers its duty to respond to president’s appeal and increase salary of its employees by 10% in April 2014,” said Serikzhan Seitzhanov, President of Sauts Oil company. “We believe that creation of good conditions for the company employees will allow them giving more of their experience and strength for growth of the company.”
Sauts Oil reported that at present the company’s staff, which started to work in 2003, numbers 823 employees.
Maten Petroleum administration has also decided to increase salary of its employees by 10% from April 1, 2014. At present Maten Petroleum numbers about 430 employees, of which about 80% are involved in production.
In the middle of 2013 the company has conducted indexation of salary of its employees by 15%. Maten Petroleum is a big independent oil and gas company involved in oil exploration and production in Kazakhstan. The company is the operator of three oil fields, including Kara-Arna, Kokarna Eastern and Matin. Shares of Maten Petroleum JSC are quoted at the Kazakhstan Stock Exchange.
From February 1, 2014 Tengizchevroil will raise salary of its employees by 10% as well. General Director Tengizchevroil Tim Miller said at the session of the employees: “The company has always supported and will support its employees.” He also said that Tengizchevroil will increase the salary by in average 9% and more for the majority of its employees from April 1, 2014.
“Kazakhstan President Nursultan Nazarbayev has requested all big companies of the republic to increase salary of their employees by 10% and Tengizchevroil supported the president’s appeal,” Miller said.—0—
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review