Learn How To Make Money From Home Using Your Smartphone In 2025
By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AfricaNews360AfricaNews360
  • Politics
    PoliticsShow More
    Nigeria: President Tinubu inherited an economy in shambles, says Godswill Akpabio
    August 25, 2026
    Ugandan opposition leader Bobi Wine leaves the country after two months of hiding
    March 14, 2026
    Ghanaian Court annuls 2024 Parliamentary Election over irregularities
    November 24, 2025
    The future is African – Ghana President declares at UN Assembly
    September 26, 2025
    Burkina Faso to ‘street honour’ late Ghanaian President Jerry John Rawlings
    May 19, 2025
  • Business
    BusinessShow More
    Coronavirus disease 2019
    August 4, 2026
    President Bola Tinubu.
    Nigeria: FG overshoots borrowing limit as new debt reaches N12.62tn
    July 29, 2026
    South Africa’s Ramaphosa meets World Bank chief to advance new five-year partnership
    June 7, 2026
    Ghana targets major Economic Policy shift
    May 1, 2026
    President Donald Trump, left, and Chinese President Xi Jinping, right, pose for photo before their US-China summit at Gimhae international airport in Busan, South Korea, on October 30, 2025 [Mark Schiefelbein/AP Photo]
    Trump says China’s Xi Jinping agreed to accelerate purchases of US goods
    November 26, 2025
  • Showbiz
    ShowbizShow More
    Davido releases ’10 Kilo’ Music Video
    August 13, 2025
    Nigerian Star Davido’s Foundation supports 500 orphanages in annual Charity drive
    February 13, 2025
    Nigerian president Tinubu celebrates Nollywood icon Nkem Owoh ‘Osuofia’ at 70
    February 8, 2025
    Burkina Faso’s Bissa music sensation Eunice Goula drops new Banger ‘Mariage’
    September 25, 2024
    Kenya’s president hosts national music festival
    August 16, 2024
  • Sports
    SportsShow More
    Haruna Adamu makes history as first Ghanaian elected PANASA President
    October 25, 2026
    Gambia stun Ghana in four-goal comeback in Accra
    September 29, 2026
    Ghana head coach Carlos Queiroz names 24-man squad for AFCON Qualifiers and Morocco friendly
    September 19, 2026
    Cameroonian clubs want Samuel Eto’o investigated over graft allegations
    September 17, 2026
    2027 Afcon Qualifiers: Hervé Renard announces strong Ivory Coast squad for Ghana clash
    September 17, 2026
  • Biographies
    BiographiesShow More
    Michael Gallup Bio, Age, Net Worth, Height, Parents, Siblings, Wife, Children
    July 25, 2024
  • Columns
    ColumnsShow More
    Ghana Government does not subsidize Hajj Pilgrims: Debunking the myth with facts
    March 7, 2025
    Full Speech: South African president’s address at first G20 Foreign Ministers’ meeting 2025
    February 22, 2025
    Ing. Abdullah Mohammed Billey: The Ghanaian road expert victimised for political reasons by the ousted Government
    February 3, 2025
    Ghana President Mahama’s speech at Africa Prosperity Dialogues 2025
    February 2, 2025
    An American opinion on the impending NDC Government structure
    December 17, 2024
  • Travel
    TravelShow More
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 2025
    Thousands of Ethiopian diaspora heed PM’s call to ‘come home’
    May 2, 2024
    Malawi and Ghana sign visa waiver agreement to enhance bilateral ties
    March 21, 2024
    Ghana signs visa waiver agreement with Bahamas
    February 22, 2024
    Malawi scrapes visa restrictions for 79 countries
    February 9, 2024
  • Editorial
    EditorialShow More
    FEATURE: Kigali City- A glittering jewel of Africa
    September 2, 2023
    All eyes on INEC as Nigeria decides
    February 26, 2023
    Feed Africa Summit: Continent Plans to Achieve Zero Hunger by 2030
    January 25, 2023
    Africa must speak with one voice at COP27
    November 8, 2022
    Nigerian headteacher sentenced to death after pupil’s murder
    July 28, 2022
  • World
    WorldShow More
    UK and Nigeria sign agreement to speed up deportation
    March 20, 2026
    Robert Prevost
    American prelate Robert Prevost elected New Pope
    May 9, 2025
    Rwanda cuts diplomatic ties with Belgium amid Congo conflict tensions
    March 17, 2025
    ICC issues arrest warrants for Israel’s Benjamin Netanyahu, Ibrahim Al-Masri
    November 21, 2024
    Voting underway in US as Donald Trump faces Kamala Harris for presidency
    November 5, 2024
Reading: Algeria: Former CEO of oil & gas group Sonatrach, jailed 15-years for corruption
Share
Notification Show More
Latest News
Haruna Adamu makes history as first Ghanaian elected PANASA President
October 25, 2026
Gambia stun Ghana in four-goal comeback in Accra
September 29, 2026
Ghana head coach Carlos Queiroz names 24-man squad for AFCON Qualifiers and Morocco friendly
September 19, 2026
Cameroonian clubs want Samuel Eto’o investigated over graft allegations
September 17, 2026
2027 Afcon Qualifiers: Hervé Renard announces strong Ivory Coast squad for Ghana clash
September 17, 2026
Aa
AfricaNews360AfricaNews360
Aa
  • Technology
  • Science
  • Education
  • Health
Search
  • Topics
    • Business
    • Columns
    • Gossip
    • News
    • Politics
    • Showbiz
    • Fashion
    • Climate
    • World
    • Videos
Have an existing account? Sign In
Follow US
AfricaNews360 > Business > Algeria: Former CEO of oil & gas group Sonatrach, jailed 15-years for corruption
Business

Algeria: Former CEO of oil & gas group Sonatrach, jailed 15-years for corruption

The former CEO of Algeria's state-owned oil and gas group Sonatrach, Abdelmoumen Ould Kaddour, was sentenced Tuesday to 15 years in prison for corruption in connection with the purchase of a refinery in Italy, a defense lawyer said.

Posted V November 15, 2022 3 Min Read
Updated 2023/04/26 at 2:18 PM
SHARE

The former CEO of Algeria’s state-owned oil and gas group Sonatrach, Abdelmoumen Ould Kaddour, was sentenced Tuesday to 15 years in prison for corruption in connection with the purchase of a refinery in Italy, a defense lawyer said.

Mr. Ould Kaddour “was sentenced to 15 years in prison,” said Miloud Brahimi.

Ahmed Mazighi, the former assistant to Mr. Ould Kaddour who had piloted the project to buy the refinery, was sentenced to seven years in prison.

A former executive of the oil group was sentenced to three years in prison while another was released by the Algiers court, according to the lawyer.

RECOMMENDED FOR YOU  Saipem Secures $400million Contract to Drill Off-shore in Ivory Coast

They were prosecuted in a corruption case related to the purchase by Sonatrach in 2018 of the Augusta refinery and various infrastructure in southern Italy from Esso Italy, a subsidiary of American ExxonMobil.

-Unspecified amount-

The amount of the transfer had not been specified but according to the Algerian media, the oil group has paid $ 720 million, an amount considered excessive for an old refinery that began production in 1950.

According to the prosecutor’s office, the transaction cost Sonatrach a total of 2.1 billion dollars, as the company also paid 916 million dollars to acquire the oil stored in the refinery and significant additional sums for renovation work.

RECOMMENDED FOR YOU  Algeria, Uganda sign 2 agreements, 5 MoUs

The prosecution had requested 18 years in prison against Mr. Ould Kaddour and ten years against Mr. Mazighi, including for “squandering public funds, abuse of office and conflict of interest”.

Mr. Ould Kaddour, a close associate of the late deposed president Abdelaziz Bouteflika, was extradited to Algeria in August 2021 after being arrested in the United Arab Emirates under an international arrest warrant issued by the Algerian judiciary.

RECOMMENDED FOR YOU  Bank Of Ghana withdraws foreign exchange support for importation of rice, vegetable oils, others

Appointed head of Sonatrach in March 2017, Mr. Ould Kaddour was dismissed three weeks after the fall of Abdelaziz Bouteflika in early April 2019, pushed to resign by an unprecedented popular protest movement, the Hirak, after 20 years in power.

Mr. Ould Kaddour had led in the past the oil engineering company Brown and Root Condor (BRC), a subsidiary of Sonatrach, and the U.S. oil services company Halliburton.

BRC was dissolved in 2007 after suspicions of corruption in contracts obtained in violation of regulations.

RSS EDITORS’ SUGGESTIONS

TAGGED: Abdelmoumen Ould Kaddour, Algeria, Oil and gas, Sonatrach
SOURCES: africanews
V November 15, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article Aid finally reaches Tigray since August
Next Article Nigeria: APC’s Bola Tinubu Pledges to Build on Achievements of President Buhari

Latest on AfricaNews360

  • Haruna Adamu makes history as first Ghanaian elected PANASA President
  • Gambia stun Ghana in four-goal comeback in Accra
  • Ghana head coach Carlos Queiroz names 24-man squad for AFCON Qualifiers and Morocco friendly
  • Cameroonian clubs want Samuel Eto’o investigated over graft allegations
  • 2027 Afcon Qualifiers: Hervé Renard announces strong Ivory Coast squad for Ghana clash

More recommendations for you

  • Nicholas Opoku makes Las Palmas debut: Does the Ghana defender have a future in Spain and the Black Stars?
  • Black Maidens regain confidence through praise and incentives ahead of Argentina victory
  • Black Maidens coach describes Jessica Appiah as ‘world-class’ after Argentina heroics
  • FIFA U-17 Women’s World Cup: We have to qualify to the semi-finals – Coach Adarkwah after Argentina win
  • FIFA U-17 Women’s World Cup; Ghana’s Jessica Appiah wins player of the match against Argentina

Latest on AfricaNews360

  • Haruna Adamu makes history as first Ghanaian elected PANASA President
  • Gambia stun Ghana in four-goal comeback in Accra
  • Ghana head coach Carlos Queiroz names 24-man squad for AFCON Qualifiers and Morocco friendly
  • Cameroonian clubs want Samuel Eto’o investigated over graft allegations
  • 2027 Afcon Qualifiers: Hervé Renard announces strong Ivory Coast squad for Ghana clash

You Might Also Like

Coronavirus disease 2019

August 4, 2026
President Bola Tinubu.
BusinessTop Stories

Nigeria: FG overshoots borrowing limit as new debt reaches N12.62tn

July 29, 2026
Soccer

Algeria eliminated from World Cup after 2-0 defeat to Switzerland in Vancouver

July 3, 2026
SoccerTop Stories

Algeria fight back to beat Jordan and keep World Cup dream alive in Santa Clara

June 23, 2026
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security

Archives

  • Corruption
  • Creed
  • Athletics
  • Basketball
  • Boxing
  • Formula 1
  • Rugby
  • Soccer
  • Tennis
  • Minning
  • Gaming
  • Technology
AfricaNews360AfricaNews360
Follow US

© 2024 - AfricaNews360 | All rights reserved.

  • About
  • Advertise with us
  • Contact

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?