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May 24, 2015

Algeria’s Sonatrach appoints new chief executive

ALGIERS, May 24 (Reuters) – Algeria’s state energy firm
Sonatrach has named Amine Mazouzi as its new chief executive to
replace interim head Said Sahnoun, who had been appointed less
than a year ago, two industry sources said on Sunday.

Mazouzi, a younger-generation manager in Sonatrach’s
production development department, will take the helm as the
North African country seeks to draw more foreign oil investment
and offset a fall in world crude prices.

May 14, 2015

Algeria’s Bouteflika announces sweeping cabinet shakeup

ALGIERS (Reuters) – Algeria’s President Abdelaziz Bouteflika on Thursday named new energy, finance and interior ministers in a major cabinet reshuffle, as the North African energy producer confronts a fall in oil prices and several high-profile corruption trials.

Prime Minister Abdelmalek Sellal, a key Bouteflika political ally, kept his post, as did the deputy defense minister. But there were top ministerial changes to the government Sellal leads, official state news agency APS said.

May 11, 2015

Wary of disorder in Libya and Mali, Algerian army targets southern smuggling

ALGIERS (Reuters) – Fearing armed chaos in neighboring Libya and renewed conflict in Mali, Algeria’s army is shifting focus from fighting Islamist militants at home to the Sahel border smuggling that feeds them in the region.

Since last month, the Algerian military says it has arrested more than 650 suspected smugglers on its borders with Libya, Mali and Niger in a campaign to tighten the largely desolate and trackless desert frontiers with the Sahel to its south.

Apr 27, 2015

Facing oil price drop, Algeria’s Sonatrach seeks service discounts

ALGIERS, April 27 (Reuters) – Algeria’s state energy company
Sonatrach has demanded its service providers cut their prices by
up to 15 percent as the OPEC member country tries to ward off
the impact of falling oil prices, industry sources said.

The collapse in crude prices is testing Algeria’s economy,
which relies on energy sales for 60 percent of state revenues
and to pay for a welfare system and subsidies that have helped
calm social unrest.

Mar 23, 2015

Algeria temporarily evacuates Turkish workers after IS threat: sources

ALGIERS (Reuters) – Algerian authorities temporarily evacuated nearly 100 Turkish construction workers from a roadway project east of Algiers as a precaution after a threat from militants affiliated with Islamic State, security sources said on Monday.

The measure underscores growing concern over militant attacks in North Africa following last week’s Bardo museum massacre of foreign tourists in Tunisia and Islamic State’s growing presence in neighboring Libya.

Mar 15, 2015

Algerian ex oil executives on trial on corruption charges

ALGIERS, March 15 (Reuters) – A group of top former Algerian
state oil company officials including an ex-chief executive went
on trial on Sunday for corruption in a scandal involving foreign
suppliers.

The so-called “Sonatrach 1″ case is just one graft probe
involving the state company and opens at a sensitive time for
Sonatrach, with oil prices slumping and foreign interest weak in
Algeria’s recent offers to develop new fields.

Mar 15, 2015

Ex Algerian oil execs on trial over corruption charges

ALGIERS, March 15 (Reuters) – A group of top former Algerian
state oil company officials including an ex-chief executive went
on trial on Sunday facing corruption charges in a scandal
involving the North African country and foreign suppliers.

The so-called “Sonatrach 1″ case is just one graft probe
involving the state company and opens at a sensitive time for
Sonatrach with oil prices slumping and weak foreign interest in
Algeria’s recent offers to develop new fields.

Feb 16, 2015

Mali peace talks resume in Algiers, no end to hostilities

ALGIERS (Reuters) – Mali’s government and Tuareg-led rebels resumed U.N.-sponsored peace talks in Algeria on Monday in pursuit of an accord to end uprisings by separatists seeking more self-rule for the northern region they call Azawad.

Decades of mistrust and recent intensified fighting between rebels and government-allied militias have complicated attempts to reach a comprehensive deal on Mali’s desert north.

Dec 23, 2014

Algerian soldiers kill militant leader behind Frenchman’s murder

ALGIERS (Reuters) – Algerian soldiers killed the leader of the militant group responsible for kidnapping and beheading French tourist Herve Gourdel in September, a security source and a television station close to the government said on Tuesday.

Ennahar TV said special forces had killed Abdelmalek Gouri, a veteran of Algeria’s 1990s Islamist conflict and leader of the Caliphate Soldiers group, which declared its allegiance to jihadist Islamic State fighters in September.

Dec 19, 2014

Bouteflika’s mental ability intact, will continue in power: party chief

ALGIERS (Reuters) – President Abdelaziz Bouteflika’s mental and cognitive faculties are intact and he will continue to govern Algeria, the ruling FLN party’s chairman said on Friday, in comments aimed at quashing rumours over the ageing leader’s health.

Bouteflika, 78, suffered a stroke last year that put him into a French hospital for months and fueled speculation over whether the former independence fighter would step down and make way for a transition in the North African state.

    • About Lamine

      "I am based in Algiers, North Africa. I report on a wide range of issues including agriculture, oil and gas, terrorism, and telecoms. Before joining Reuters in 2003, i worked in several algerian dailies."
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