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2026-09-21T16:47:06.000Z

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Oil University boosts profits for social allowances

Oil University boosts profits for social allowances

The Ministries of Finance, Industry, and Energy have agreed to provide the necessary funding to cover the social contributions for workers involved in the transportation of fuel and hazardous materials. This will be achieved through an increase in the profit margins of oil transportation companies, as per an agreement signed with the companies on September 17, 2026. This increase aims to enable the companies to pay outstanding financial obligations and social coverage for their workers, which may contribute to preventing the planned strike in the fuel transportation sector scheduled for September 23 and 24. The strike is intended to demand social coverage and the implementation of the May 2, 2019 agreement. However, the Oil and Chemical Materials General Union remains determined to proceed with the strike, believing that the reason for the lack of a conciliatory session so far lies with the Ministry of Social Affairs. This puts the union in a difficult position and signals a potential escalation of the crisis.

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