An Examining Magistrate of the Court of Algiers has summoned the General Manager of the National Gas and Electricity company Sonelgaz, NourredineBouterfa as well as the Group’s Secretary General and the Managers in charge of human resources and finance in addition to some other senior executives to provide explanations and...
Algerians who own banking accounts and firms resulted from corruption managed to hide their suspicious wealth, according to the International Consortium of Investigative Journalists....
Algerian banks liquidity was not used in an appropriate way to fund investments and enable the country to diversify its economy as hydrocarbons constitute 98.7 percent of its hard currency incomes, according to a report released by the Bank of Algeria....
Sonatrach failed to stop the pace of decline in oil and gas production in Algeria, which has turned since 2007 to a reality from year to year despite that Chakib Khelil and Mohamed Meziane adopted a unique investment strategy in the energy industry in the world....
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“Sonelgaz financial scandal smears CEO Bouterfa, other senior managers of the Group”
Sonatrach corruption scandals drag Yousefi to Parliament