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Algeria energy boss 'faces probe' | Algeria energy boss 'faces probe' |
(about 3 hours later) | |
Anti-corruption officials have begun investigating the chief executive of Algeria's state-owned energy giant Sonatrach, reports say. | Anti-corruption officials have begun investigating the chief executive of Algeria's state-owned energy giant Sonatrach, reports say. |
Mohamed Meziane has reportedly been suspended amid the allegations and other company officials questioned. | Mohamed Meziane has reportedly been suspended amid the allegations and other company officials questioned. |
El Watan newspaper said the claims concerned company tenders for consultancy and security contracts. | El Watan newspaper said the claims concerned company tenders for consultancy and security contracts. |
Neither the Energy Ministry nor the firm, a leading supplier of gas to Europe, have commented on the reports. | Neither the Energy Ministry nor the firm, a leading supplier of gas to Europe, have commented on the reports. |
Industry sources told journalists that Sonatrach had appointed Vice-President Abdelhafid Feghouli as a stand-in chief executive. | Industry sources told journalists that Sonatrach had appointed Vice-President Abdelhafid Feghouli as a stand-in chief executive. |
BBC North Africa correspondent Rana Jawad says that appointment suggests Algiers is taking the matter seriously and is wary of causing any disruptions in its vast oil and gas operations. | |
One of the company's former bosses told Reuters news agency the investigation was a "real earthquake". | One of the company's former bosses told Reuters news agency the investigation was a "real earthquake". |
"There is a risk that its reputation will be affected," said Abdelmajid Attar. | "There is a risk that its reputation will be affected," said Abdelmajid Attar. |
"But regarding the business, I'm not expecting any major delays. Never forget that Sonatrach is Algeria's main source of income," he said. | "But regarding the business, I'm not expecting any major delays. Never forget that Sonatrach is Algeria's main source of income," he said. |
Gas exports make up almost one-third of Algeria's GDP. | Gas exports make up almost one-third of Algeria's GDP. |
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