Middle East Economic Survey

VOL. LIV

No 47

21-Nov-2011

ALGERIA

Sonatrach Gets New Leader

The CEO of Algerian state oil company Sonatrach, Nur al-Din Cherouati, has been removed from his post after just 18 months in office. He is succeeded by ʹAbd al-Hamid Zerguine, head of Sonatrach and Eni gas marketing joint venture Samco. Mr Zerguine is also a former Sonatrach vice-president in charge of transportation. Mr Cherouati came to the job at the most difficult of times in May 2010, in the wake...