Algeria’s Energy Sector is a Giant with Feet of Clay
The appointment of Moumen Ould Kaddour as the new CEO of the state Algerian oil and gas company Sonatrach was a bolt out of the bleu. Nobody was expecting Mr Amine Mazouzi who had been appointed less that two years ago to get the sack. The name of the new incumbent was not even whispered in the corridors of power in the run up to the impromptu board meeting of Sonatrach called by the Minister of Energy Nourredine Boutarfa on 20 March. Like his immediate predecessors he is a competent technician but has no experience in upstream activities or in the commercialisation sector.… Seguir leyendo »