Algeria Sacks Sonatrach CEO Zerguine

Abd al-Hamid Zerguine has been relieved of his duties as the head of Algeria’s national oil company. Said Sahnoun, formerly Sonatrach’s upstream vice-president, has been appointed as interim head. The change of leadership comes as a much trumpeted bid round draws to a close.

Press reports about Mr Zerguine’s departure from the top post were published over the weekend, and Platts cited a ministry statement confirming his sacking on 29 July. Phone calls made to Mr Zerguine later in the week went unanswered.

No official reason was given for the reshuffle, but it is not the first time stories about Mr Zerguine’s departure have surfaced. The former CEO had to rebuff reports that he had been relieved of his duties in February last year. At the time, he told state-news service APS that “for the moment, I’m in a job. I remain at the disposal and at the service of the company.” (CONTINUED - 674 WORDS)