Kuwait Petroleum to hire 2,000 Kuwaitis in 2017-2018

The new workers will double the number of Kuwaiti staff in the oil sector

Kuwait Petroleum Corporation will employ 2,000 Kuwaitis in the 2017-2018 fiscal year, according to state news agency KUNA.

The publication said the new workers would increase the total of Kuwaiti staff in the oil sector to 4,000 in the current and next fiscal years, citing quotes from an interview of Water Essam Al-Marzouq, minister of oil and electricity and water, by Al-Anba newspaper yesterday.

The new hires come despite a three-day strike by oil workers last year due to proposed cuts to salaries and benefits.

Read: Kuwait lost up to $200m during oil strike

He added that the country aimed to increase production to 4 million barrels per day, develop its petrochemicals industry and increase outside investment under its new development plan.

Read: Kuwait seeks to boost foreign investment, PPPs in new 2035 development plan

It is also seeking to invest in renewables to meet 15 per cent of its consumption needs.