ALGIERS - Algeria’s interim president has sacked Abdelmoumene Ould Kaddour as the chief executive of state energy company Sonatrach, state TV said on Tuesday, creating uncertainty for investors who had started to return to the oil and gas producer.
The move casts doubts on whether deals Sonatrach had been working on will go ahead, such as plans to set up a trading joint venture with foreign firms. He is the latest departure of top officials and business leaders who had been close to Bouteflika, who stepped down three weeks ago after mass protests calling for a break with the ruling elite.
Kaddour managed to resolve a number of disputes with fellow oil majors, expanding ties with several companies.
Source: News Formal (newsformal.com)
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