Decision 471/2023: Calculating Prior Work Experience for NOC Employees

The Prime Minister has mandated that the National Oil Corporation (NOC) and all subsidiary companies recognize and compensate employees' previous work experience. Transferred, seconded, loaned, and newly hired employees must have their prior experience counted toward seniority and annual performance incentives, placing them on equal footing with existing permanent staff.

Foreign companies with joint ventures, service contracts, or production-sharing agreements involving NOC subsidiaries face potential cost increases through the salary/benefits chain. If your contracts include reimbursement provisions for NOC-seconded personnel or joint venture staffing arrangements, expect upward pressure on labor costs as these employees gain retroactive seniority recognition. Companies considering staff transfers to NOC entities gain a material advantage: prior private sector or international experience now translates to immediate compensation benefits, improving talent mobility into the state oil sector.