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TOPIC: wish to inject fresh blood in the oil sector
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wish to inject fresh blood in the oil sector 13 Years ago Karma: 0  
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The decisions were taken at a meeting late Sunday by KPC board of directors headed by Oil Minister Hani Hussein,prada outlet, replacing all the top executives of the eight subsidiaries and other KPC departments. KPC insisted in a statement that the reshuffle was not linked to the crisis over the controversial payment of a $2.2 billion penalty to US Dow Chemical for scrapping a joint venture in December 2008. The measures aim at 鈥渞estructuring the oil sector to cope with current and future challenges,鈥?by merging some sectors and abolishing a number of leading posts,christianlouboutinmaindesignfr, KPC said. 鈥淭he decision came in accordance with the council of ministers鈥?wish to inject fresh blood in the oil sector,louboutin outlet,鈥?according to the statement sent to AFP. The state-owned KPC also introduced a new system under which a chairman and a managing director are appointed for each oil company instead of a managing director alone.
The Securities and Exchange Commission says the penalty is the largest ever imposed against an exchange.Nasdaq also has had to pay $62 million in reimbursements to investment firms that lost money because of the problems,louboutin.
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