Job Spectrum

Thousands of roles in Africa at Royal Dutch Shell, a world oil company, are on the line following a statement the Group will restructure its business to enhance performance in 2010.Mr Peter Voser, the Shell Group director, recounted some two thousand positions will be chopped off the corporation's pay roll this year as the company, with operations in Uganda, attempts to save at least Shs2 trillion ( $1 bill ) in accordance with the company's methodology to boost operating performance.

Massive sale
The job cuts will be complimented by a giant sale of roughly 4 out of each ten Shell retail market operations like ; domestic offices and gas stations across the world.

Shell has intentions to exit from 15 per cent of its world-wide refining capacity, 35 percent of the firm's current retail markets, and is taking action to further improve its chemicals assets, related Mr Voser on Tues. , according to info on the firm's web site.

The assets on offer are reckoned to be priced at $1-3 bn.every year. If Shell Uganda's operations are affected, the at least Shs140 bln paid by Shell to the govt. in tax cash may be changed.

Likely victims
In 2007, Shell Uganda was the 2nd big tax payer after MTN Uganda, which paid in the region of Shs174 bln to the treasury.Daily Monitor has learned from extremely close sources in the industry that Shell Uganda's operations are probably going to be sold off.  But in an interview, Mr Ivan Kyayonka, Shell Uganda's country executive, said that he was not aware about the auction, even a likely sale.

Not Informed
Who is spreading that rumour? I don't have any concept about what you're talking about, Mr Kyayonka expounded in a telephone interview on Tues. . Mr Kyayonka was also out ofthe country.Mr Shaun Wiggins, Shell Global B.V's World spokesman hadn't confirmed the sell of Shell Uganda's assets or result on staff numbers, by publication time. But in Jan Nairobi-based Daily Country announced that Shell intended to pull out of approximately twenty African nations though Shell watered down the news.

Other markets
But in Nigeria, Shell has ditched mining assets in Nigeria, one of its largest markets in Africa.The company, thru its subsidiary the Shell Petrol Development Company of Nigeria Limited ( SPDC ), in Jan , sold off its interest in 3 production licences and related clobber in the Niger Delta to a consortium controlled by 2 Nigerian companies. We've been in Nigeria for at least fifty years and remain committed to engaging in business here.

Portfolio improvement
This transaction should be seen in the area of Shell's active portfolio management of its assets and interests across the world, claimed Mr Mutiu Sunmonu, handling director SPDC in Jan .Worldwide , in the following three years, Shell plans to focus more on its oil exploration, mining and production activities.

Future projections
The firm's oil production capacity is projected to hit 3.5 million barrels of oil equivalent each day in 2012, representing an increase of eleven % from 2009. Mr Voser related with the adjustments, Shell should be in a surplus money flow position in 2012, after capital investment and dividend payments, presuming $60 oil costs.

These are exciting times for Shell, We are placed to deliver a new wave of monetary and production growth. We are making significant investments in new projects to drive Shell's money performance, he revealed.