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Sonatrach

Sonatrach Ex-Boss Bags 15 Years Imprisonment

Hauwa Mustapha Nov 16, 2022 0

A former CEO of Algeria's state-owned Oil and Gas group Sonatrach, Abdelmoumen Kaddour, has been sentenced to 15 years in prison for corruption in connection with the purchase of a refinery in Italy. A Defence lawyer, Miloud Brahimi made…

Africa

Algerian energy firm to invest $40bn in five years

Hauwa Mustapha Jan 5, 2022 0

Algeria's state-owned oil and gas group Sonatrach has announced intentions to invest $40 billion between 2022 and 2026 in oil exploration, production and refining, and gas exploration and extraction, CEO Toufik Hakkar said. "Our…