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Shell eyes Mideast Growth, to Cut Some Jobs - ASHARQ AL-AWSAT English Archive
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(Reuters) – Royal Dutch Shell Plc is pushing ahead with aims to grow in the Middle East, despite a tough climate for investment due to lower oil prices, a climate which will force it to cut some support roles in Dubai.

Raoul Restucci, Shell’s head of exploration and production for the Middle East, told Reuters that 40-50 roles may be relocated from Dubai to centres in Glasgow, Krakow and Kuala Lumpur.

“We are looking at streamlining some of the support services in our Dubai regional office,” he said.

However, this will not impact Shell’s efforts to grow its oil and gas production business in the region.

“We have very significant operations across region and there is no retrenchment,” he said in a telephone interview from Dubai.

“We’ve got our teams still working at Kuwait options, still working at Iran options. It’s a tough environment but we’re still working,” he said.

Earlier, some employees posted comments on a Shell protest website saying up to half the jobs at the Dubai operation could go. Dubai is a regional center for Shell, with over 600 staff, Restucci said.

The roles to be cut are mainly in human resources and financial services, the regional boss added.

In late January Shell’s overall exploration boss Malcolm Brinded sent an email to staff urging sharp spending cuts, to respond to the $100/barrel drop in crude prices since July.

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Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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