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
    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
    Burkina Faso honours late president Thomas Sankara with memorial park
    May 19, 2025
    Nigeria Presidency refutes Catholic leaders’ criticism of economic hardship
    March 11, 2025
  • Business
    BusinessShow More
    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
    Ghana, Dalian deepen bilateral ties to boost education, culture and trade
    November 13, 2025
    Ghana secures additional $28m grant from China for infrastructure projects
    October 17, 2025
    Ghana’s President Mahama seeks investment partnerships during Singapore visit
    August 25, 2025
    Ghana’s Tourism Minister commends Emirates at grand opening of Travel Store
    May 15, 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
    Ghana to host 2026 African Senior Athletics Championships
    January 21, 2026
    Bliss turns to abbyss as Panenka dazes Díaz in AFCON Final
    January 19, 2026
    Mane bows out as AFCON legend with second title and Player of Tournament award
    January 19, 2026
    Mané breaks AFCON assist record as Senegal defeats Morocco in Final
    January 19, 2026
    Gueye stunner breaks Morocco hearts as Senegal claim AFCON amid chaos
    January 19, 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
    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
    Biden directs US forces to aid Israel’s defence against Iran
    October 2, 2024
Reading: Algeria: Former CEO of oil & gas group Sonatrach, jailed 15-years for corruption
Share
Notification Show More
Latest News
Ghana to host 2026 African Senior Athletics Championships
January 21, 2026
Bliss turns to abbyss as Panenka dazes Díaz in AFCON Final
January 19, 2026
Mane bows out as AFCON legend with second title and Player of Tournament award
January 19, 2026
Mané breaks AFCON assist record as Senegal defeats Morocco in Final
January 19, 2026
Gueye stunner breaks Morocco hearts as Senegal claim AFCON amid chaos
January 19, 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 Africanews360 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  Angola, Zambia Businessmen Plan to Strenthen Raw Material Trade

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  Egypt withdraws from UN grain treaty prompting sadness and concern

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  Algeria: We help African countries with security without interfering in their internal affairs

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

  • OFFICIAL: German-Ghanaian attacker Davis Asante seals loan move to SV Rodinghausen
  • FC Bocholt confirm signing of German-Ghanaian forward Charles-Jesaja Herrmann
  • “Let’s get going” – Cameron Antwi says after joining Gillingham FC
  • OFFICIAL: Gillingham FC announce signing of English-born Ghanaian midfielder Cameron Antwi
  • GFA President Kurt Okraku hails U15 Girls Colts League as defining milestone for Women’s football development
TAGGED: Abdelmoumen Ould Kaddour, Algeria, Oil and gas, Sonatrach
SOURCES: africanews
Africanews360 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
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Latest on AfricaNews360

  • Ghana to host 2026 African Senior Athletics Championships
  • Bliss turns to abbyss as Panenka dazes Díaz in AFCON Final
  • Mane bows out as AFCON legend with second title and Player of Tournament award
  • Mané breaks AFCON assist record as Senegal defeats Morocco in Final
  • Gueye stunner breaks Morocco hearts as Senegal claim AFCON amid chaos

More recommendations for you

  • Luton Town star Gideon Kodua declared fit for Plymouth Argyle clash
  • OFFICIAL: German-Ghanaian attacker Davis Asante seals loan move to SV Rodinghausen
  • FC Bocholt confirm signing of German-Ghanaian forward Charles-Jesaja Herrmann
  • “Let’s get going” – Cameron Antwi says after joining Gillingham FC
  • OFFICIAL: Gillingham FC announce signing of English-born Ghanaian midfielder Cameron Antwi

You Might Also Like

Soccer

Osimhen fires Nigeria past Algeria into AFCON semi-finals

January 10, 2026
Soccer

Algeria outfoxes Equatorial Guinea to complete perfect group stage run

December 31, 2025
Soccer

Mahrez penalty fires Desert Foxes into last 16 with game to spare

December 28, 2025
Soccer

Algeria fire warning to rivals with ruthless 3-0 destruction of Sudan

December 24, 2025
  • Bereavement
  • Debt Management
  • Finance
  • Job Creation
  • Small Business
  • Climate
  • Education
  • Fashion
  • Health
  • Rights
  • Science
  • Sanitation
  • Mobilisation
  • Secondary Education
  • Celebrity News
  • Tertiary Education
  • Culture
  • Security
  • 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

Register Lost your password?