Algeria’s Sonatrach is reported to be polling international oil companies that took part in last year’s flopped bidround with a view to bring amendments to its fiscal terms, as the company announced the name of two new vice-presidents at the helm of its upstream and downstream business units last week.
Five months after his appointment, Sonatrach’s CEO Amine Mazouzi named Salah Mekmouche and Akli Remini respectively as upstream and downstream vice-presidents. The state-owned company also appointed Omar Maaliou as general director for its marketing unit, and Arbi-Bey Slimane general director for transportation. The announcements come as a result of the company’s restructuring, following the appointment of Mr Mazouzi and that of Salah Khebri as energy minister in the spring (MEES, 15 May). Mr Mazouzi says that Sonatrach will stick to previously announced investment plans for both upstream and downstream projects. (CONTINUED - 231 WORDS)