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ALGERIA

Sonatrach CEO Toufik Hakkar faces crisis by relying on trusted few

Toufik Hakkar, Sonatrach CEO. © Sonatrach

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. [...] (254 words)

Issue dated 30/09/2020 Reading time 2 minutes

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Sonatrach caves in to Naturgy on LNG prices

The Spanish firm Naturgy obtained lower prices from Sonatrach after threatening to buy its natural gas from the US instead of Algeria. [...]

ALGERIA 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 26/08/2020

Energy Minister Attar's veteran E&P trio to counter Sonatrach

The new Minister of Energy Abdelmadjid Attar has surrounded himself with prominent oil and gas figures all of whom were once senior executives under Sonatrach's former boss Abdelmoumen Ould Kaddour. [...]

The Energy Minister Abdelmadjid Attar. © energy.gov.dz

ALGERIA 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. [...]

AFRICA 02/07/2020

With Sonatrach under its belt, Huawei targets Angolan and Nigerian oil industries

Having made Africa's oil industry one of its target markets, the Chinese telecoms giant Huawei already has a solid foothold in Algeria and Nigeria. Angola is next in its sights. [...]

ALGERIA 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 29/06/2020

Newly appointed as energy minister, Attar is already working to tighten his grip on Sonatrach

The arrival of a former Sonatrach CEO at the head of Algeria's energy ministry will greatly limit the powers of the state oil firm's already weakened boss. [...]

ALGERIA 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 13/04/2020

Sonatrach boss Toufik Hakkar brings his protégés into top team

The head of the state-owned oil group has set up his own commando of close collaborators, from which he has excluded key figures employed by his predecessors. [...]

Spotlight

ALGERIA 02/04/2020

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 [. [...]

Spotlight

ALGERIA 09/04/2019

Sonatrach's CEO Ould Kaddour's future in post-Bouteflika overhaul

Abdelmoumen Ould Kaddour has been comfortably in charge of Sonatrach since 2017, receiving financial and political support from the President Abdelaziz Bouteflika's presidential office to develop the group internationally. Kaddour himself officially backed Bouteflika's plans to run for a fifth [. [...]

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