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The UAE have extradited Abdelmoumen Ould Kaddour, former boss the state-run energy giant Sonatrach, wanted in Algeria for corruption in two cases. The protégé of ex-leader Abdelaziz Bouteflika arrived Wednesday at Algiers international airport handcuffed, from Dubai. He was arrested Read more
A cabinet meeting led by President Michel Aoun has decided to maintain fuel supply contract with Sonatrach Petroleum (SPC), a subsidiary of Algeria’s state-run oil company, that is currently embroiled in supply of low quality fuel and corruption scandal, reports Read more
The Algerian Presidency Wednesday said adulterated fuel scandal in Lebanon, in which the national oil company Sonatrach is mentioned as part of the scandal, is an internal Lebanese affair. The CEO of Sonatrach Petroleum (SPC), a subsidiary of Sonatrach, and Read more
A court in Lebanon has ordered the arrest of 17 people including the Chief of Sonatrach Petroleum (SPC); a subsidiary of Algeria’s state-run oil company, on corruption and supply of adulterated fuel charges, reports say. Judge Ghada Aoun, prosecutor at Read more
The American company Emerson has been tasked by Algeria’s state-owned Sonatrach to improve and optimize activities at its Alrar gas processing plant located in the Southeastern part of the North African country. The $32 million project includes engineering procurement, commissioning Read more
Sonatrach and Total are seemingly trying to surpass their disputes with the signing of a comprehensive agreement to strengthen their partnership. Total noted that the agreement would help to settle “outstanding differences” amicably with the state-owned Algerian company. In earlier Read more
A team from the International Monetary Fund (IMF) led by Jean-Francois Dauphin which had consultations with the Algerian authorities warned that the North African country “continues to face important challenges posed by lower oil prices.” The statement released by the Read more
Algerian government on Sunday said the country recorded slower third-quarter growth despite a significantly better performance from the energy sector. The data released by the statistics office show overall GDP growth was 3 percent in the third quarter, down from Read more
After the High Level Committee of experts of the Organization of Petroleum Exporting Countries (OPEC) failed to reach an agreement on outlining the implementation of cutting the production output in Vienna last month, there were concerns that the Algiers agreement Read more
A senior Algerian government official under the condition of anonymity has revealed that authorities are preparing to invite foreign and private investors to acquire controlling stakes in state-run banks. There are six (6) state banks in the country and they Read more