Energy

PENGASSAN Warns Nigerian Investors Against Buying Petrobas Assets says they have no respect for PENGASSAN

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Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned the investing public against purchasing any asset of the Brazilian oil company in the country, Petrobras Nigeria Limited.

The union hinged its position on the fact that Petrobras management had shown lack of respect and regard for the association as a viable stakeholder in the nation’s oil and gas industry.

Lumumba Okugbawa, PENGASSAN general secretary, said in a letter that the major industry agencies such as the Nigerian National Petroleum Corporation (NNPC), the National Petroleum Investment Management Services (NAPIMS) and all related Federal Government agencies, including Department of Petroleum Resources (DPR), all International Oil Companies (IOCs) and banks had been placed on notice of the risks in purchasing Petrobras assets.

PENGASSAN alleged in a statement on Wednesday that the company had been involved in anti-union practices such as severance of workers without due process, refusal to settle severed workers’ benefits and abuse of the Collective Bargaining Agreement (CBA).

“The general public is hereby notified of the following practices by Petrobras Nigeria Limited in relation to PENGASSAN: Lack of respect and regard of the Association as a viable stakeholder in the industry; unceremonious severance of our members in 2013 and 2015 respectively, following the unannounced divestment of 2013, without due settlement of their benefits; continued unilateral interpretation, and abuse of the extant Collective Bargaining Agreement (CBA) in relation to our members’ severance benefits.

“The refusal by the management to honour several letters by the Association for engagement on issues that would affect our members following the proposed/concluded divestment of 2018 is against the extant labour laws in this country,” it stated.

The union alleged that the position of the Petrobras Management was a calculated attempt to undermine PENGASSAN, and to continue the discrimination against Nigerians despite all the tremendous gains made in their investments.

It warned that anyone who transacts business with Petrobras to the extent of acquiring assets of the company or part thereof should note that, he or she will also acquire Petrobras liabilities as well including the aforementioned issues with PENGASSAN

Via Independent

Read More..http://sycamoretimes.com/vitol-glencore-shell-in-running-for-petrobras-nigerian-assets/

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