Corruption Gale Hits Sonatrach, Algerian State Oil
Corruption Gale Hits Sonatrach, Algerian State Oil
Algerian state-owned Sonatrach, is being hit by a gale of corruption. Over the past two to three months, it has been wallowing in corruption allegation after another.
A report by Menas Associates last November said the fire at the El Merk oil field in October raised questions about nepotism in regard to the appointment of Yamina Hakkar, wife of Sonatrach CEO Toufik Hakkar, to head the Health, Safety and Environment (HSE) department and what responsibility she may have had for this and other technical problems and accidents.
Sonatrach Pens More Memos with IOCs
Feb 1, 2021 1:30:pm
Summary Interest in Algeria s upstream was perked when the government passed a new hydrocarbon law in late 2019, but has waned greatly as a result of the pandemic.
by: Joe Murphy
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Sonatrach Pens More Memos with IOCs
Algeria s national oil company Sonatrach has signed memoranda of understanding with Italy s Eni, France s Total and US player Occidental Petroleum to negotiate a contract to further develop the Berkine basin, it said on January 31.
The three international oil companies already work together at blocks 208 and 404 in the Berkine area. These blocks contain 17 fields that form the Hassi Berkine, Ourhoud and El Merk clusters.
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