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Spotlight

ALGERIA

Sonatrach begins clear-out among security contractors

Two months after taking over as head of Sonatrach new chairman and chief executive Toufik Hakkar has started a major review of the contracts awarded to sub-contractors by his predecessor Kamel-Eddine Chikhi. His first act was to break with Secur [...] (636 words)

Issue dated 02/04/2020 Reading time 3 minutes

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Business

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ALGERIA
Abdelmadjid Tebboune
Baghdadi Laalaouna
Batouche Boutouba
Boston Consulting Group
Bouteflika
El Amine Gard
Fethi Arabi
FLN
Kamel-Eddine Chikhi
Khaled Boudjabeur
KOUGC
Kouninef
Leader Amne
Mohamed Madani Mouissa
PSG
Redha Kouninef
Secur Group
Sonatrach
Thales
Toufik Hakkar
Yacine Bey-Laggoun

Tebboune seeks to breathe new life into the privatisation of public banks

The privatisation of state-owned banks, which was a real headache during the Bouteflika era, is back on the agenda for President Abdelmadjid Tebboune. [...]

ALGERIA Energy 10/01/2022

Sonatrach's Hakkar ends Baker Hughes' industrial venture in Oran

The Algerian authorities have decided to abandon plans for an equipment manufacturing factory for the oil industry in Oran in order to prevent the US services company from having a monopoly on the sector. [...]

ALGERIA Business 11/05/2021

Bourouag brothers, the architect and the MP, snap up first hospital contract

Groupe Bourouag Construction has been picked to finish a hospital build near Constantine that had been started by a Canadian firm then put on ice for ten years, further growing the company's presence in the health sector. [...]

ALGERIA Energy Business 20/04/2021

Vigil Grup replaces Secur and Leader ANME on GR5 pipeline security

Sonatrach is reviewing security arrangements for its latest pipeline, which carries gas from Reggane to Hassi R'Mel. Vigil Grup, led by an ex-colonel of Algeria's gendarmerie, is doing well out of the overhaul. [...]

ALGERIA Energy 07/01/2021

Vigil Grup to protect Sonatrach, Total and Repsol's oil interests in Tin Fouyé Tabankort

Groupement Tin Fouyé Tabankort (GTFT) has hired private security firm Vigil Grup to provide armed security its the offices and sites through a €3.1m contract signed on 17 December. [...]

ALGERIA Business 11/12/2020

El Amine Gard dethrones Vigil Grup in Hassi Messaoud

Nothing seems to be going the way of Vigil Grup, the security firm owned by the retired Republican Guard colonel Ahmed Assassi. [...]

ALGERIA Business 27/10/2020

BPC Banking Technologies takes Noah-Tarek Kouninef prison sentence in its stride

Russian BPC will provide a mobile payment solution to interbanking consortium SATIM, even with Noah-Tarek Kouninef, who paved their way to the Algerian market, behind bars. [...]

ALGERIA Energy 23/10/2020

Energy minister and Sonatrach boss at loggerheads after sizing up period

bdelmadjid Attar, who became energy minister on 23 June, is no longer holding back in private in his criticism of Sonatrach chairman and chief executive Toufik Hakkar. [...]

Energy Minister Abdelmadjid Attar. © energy.gov.dz

ALGERIA Energy 30/09/2020

Sonatrach CEO Toufik Hakkar faces crisis by relying on trusted few

The head of the oil colossus Sonatrach has consolidated his teams with people his trusts, hoping he can hold on to his seat a little while longer. [...]

Toufik Hakkar, Sonatrach CEO. © Sonatrach

ALGERIA Business 25/08/2020

Senator-businessman Khaled Boudjabeur provides security for new phosphates rail line

Security company El Amine Gard, which is owned by the Tebessa senator, is to protect the Infrarail base in the city in charge of the project. [...]

ALGERIA Energy 16/07/2020

Sonatrach 2030: Tebboune preserves slice of BCG-Ould Kaddour legacy

It seems that "Sonatrach 2030", the ambitious plan to overhaul Sonatrach's business model elaborated by America's Boston Consulting Group between 2017 and 2019, will not after all be rejected by President Abdelmadjid Tebboune. [...]

ALGERIA Energy 02/07/2020

Sonatrach boss Hakkar falls out with chief of staff and brings Hachichi back into fold

Sonatrach boss Toufik Hakkar is pressing ahead with the sacking of most of his colleagues but has offered his predecessor Rachid Hachichi the role of head of the company's gas commercialisation subsidiary in Switzerland. [...]

ALGERIA Energy Business 01/07/2020

Proseg secures ENGTP's key sites in Skikda

Proseg wants to position itself as one of the national oil company Sonatrach's leading security services firms, although security contracts are often snapped up by FLN heavyweights. [...]

ALGERIA Energy 18/06/2020

Sonatrach chief Toufik Hakkar sacks his potential rivals in a fit of nerves Free

In a desperate bid to hold on to his job, the state oil company boss is pulling out all the stops to try to get rid of managers who could undermine his own position. [...]

Toufik Hakkar, CEO of Sonatrach. © Sonatrach

ALGERIA Politics 04/06/2020

New finance ministry star Amel Abdellatif takes a seat at Sonatrach

With the minister of finance Abderrahmane Raouya's backing, the new director general of taxation has been appointed a board member of the national oil company Sonatrach. [...]

ALGERIA Business 05/05/2020

Senator Madani Mouissa takes over GR5 pipeline security contract from Secur Group

The Leader Amne group owned by FLN senator for Ouargla Mohamed Madani Mouissa has won the Din. 129m contract to provide security at the GR5 station at Hassi R'mel. Secur Group, which has links with the Kouninef brothers, was taken off the contract in March. [...]

ALGERIA Energy 04/05/2020

After Sonatrach, President Tebboune rings changes in oil institutions

Algeria's new president Abdelmadjid Tebboune has replaced directors who were appointed when Bouteflika was still in power. [...]

ALGERIA Business 23/04/2020

Tebboune troubled by wheat shortages and falling oil prices

A financially damaging cocktail of higher wheat prices, poor harvests and the collapse of the oil market is stirring Algeria's President Abdelmadjid Tebboune's fears of public unrest as Ramadan starts. [...]

Algeria's President Abdelmadjid Tebboune. © Farouk BATICHE/REA

ALGERIA Energy 17/03/2020

Who are Toufik Hakkar's procurement bosses at Sonatrach?

The all-powerful leader of oil and gas production in Algeria, the national oil company Sonatrach, has overhauled the way it [...]

ALGERIA Business 06/02/2020

Sonatrach continues to place its trust in Kouninef-linked Secur

Sonatrach awarded the Secur group a 129-million-dinar contract on February [...]

Spotlight

ALGERIA Politics 09/01/2020

Receive free prompts for these topics

ALGERIA
Abdelmadjid Tebboune
Baghdadi Laalaouna
Batouche Boutouba
Boston Consulting Group
Bouteflika
El Amine Gard
Fethi Arabi
FLN
Kamel-Eddine Chikhi
Khaled Boudjabeur
KOUGC
Kouninef
Leader Amne
Mohamed Madani Mouissa
PSG
Redha Kouninef
Secur Group
Sonatrach
Thales
Toufik Hakkar
Yacine Bey-Laggoun

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