Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Algeria ex-minister wanted for corruption  Join our daily free Newsletter

MENAFN - Arab News - 14/08/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Chekib Khelil, Algeria's ex-energy minister and a once powerful figure in political and diplomatic circles, is now the target of an international arrest warrant for alleged corruption.

Khelil, 74, who attended the same school as President Abdelaziz Bouteflika in the western town of Tlemcen, is wanted along with eight others, including his wife and two sons, for "corruption, abuse of authority and belonging to an international criminal network," the public prosecutor said on Monday.

A former head of the Organization for Petroleum Exporting Countries had variously been presented as a "super minister," a "regime strongman" or even an "ultra liberal" before taking center stage for his alleged role in the corruption scandals around state energy firm Sonatrach that hit the headlines on January 2010.

On February 10, the public prosecutor in Algiers opened the "Sonatrach II" case, ordering an probe into possible corruption linked to contracts between the Italian ENI group and Sonatrach, in which Khelil was implicated.

Born in Oujda in Morocco in 1939, Khelil left for the United States in the 1960s where he earned a doctorate for petroleum engineering at the University of Texas, and eventually US citizenship.

In addition to Arabic and French, he also speaks English, Spanish and Portuguese, and has worked for Shell and Phillips Petroleum in the US before returning to Algeria where he became technical adviser to the presidency of Houari Boumediene from 1973 to 1976.

Khelil joined the World Bank in 1980 but returned to Algiers in November 1999 to work as adviser to Bouteflika, who a month later named him minister of energy and mines.


During his decade as minister, Khelil pushed through new legislation, including a controversial law in March 2005 concerning production sharing between Sonat-rach and its foreign partners.

Previously the production sharing system granted 51 percent of any oil deposits discovered to Sonatrach, and put the remaining 49 percent up for negotiation with foreign companies.

Khelil's 2005 law restored the concessions system that existed before Algeria's oil industry was nationalized, and stipulated that a foreign company would retain 100 percent ownership of new deposits it found.

The law also liberalized production, transport, refining and distribution, allowing foreign companies to import fuel refined outside Algeria for re-sale in the country.

As a result Sonatrach found itself on an equal footing with foreign petrochemical companies.

But Khelil's law was frozen for a year before being amended in 2006, and the government went back to the previous production sharing system, with new terms disadvantageous to Sonatrach, Algerian experts said.

The corruption scandal erupted in January 2010 and tainted Khelil's reputation, forcing him to resign.

But when a new probe was launched in February, he packed up and left for the United States - apparently a wise choice since the US does not have an extradition treaty with Algeria.

 


Arab News




  MENA News Headlines
 Aug 28 2016 - TeleTXT Storms the App Market with their TeleTXT MessengerMENAFN Press
(MENAFN Press) TeleTXT Messenger is a cross-platform mobile messaging app which allows you to send messages to TV and Radio channels without having to pay for SMS, beside this so many available ...

 Aug 28 2016 - SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased ViolenceMENAFN Press
(MENAFN Press) SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased Violence The medical-humanitarian organisation Doctors Without Borders ...

 Aug 28 2016 - Turkey Looks to Gulf Nations to Support TourismMENAFN Press
(MENAFN Press) In the lead up to the public holidays marking Eid Al Adha in September, the Turkish Ministry of Culture and Tourism is looking to visitors from Gulf countries to offset the recent ...

 Aug 28 2016 - Construction worker becomes the new millionaire of Al Ansari RewardsSummer Promotion 2016'MENAFN Press
(MENAFN Press) UAE, August 24, 2016– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the name of the third millionaire of ‘Al ...

 Aug 28 2016 - Sophos Expands Sophos Central Cloud-Based Management Platform with Sophos EmailMENAFN Press
(MENAFN Press) Sophos (LSE: SOPH), a global leader in network and endpoint security, today announced that Sophos Email is now available in its cloud-based Sophos Central management platform. ...

 Aug 28 2016 - Bloom Properties Set to Repeat its Success by Handing over Bloom Gardens Phase-3 Ahead of ScheduleMENAFN Press
(MENAFN Press) Abu Dhabi-UAE: 24 August, 2016 – Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase ...

 Aug 28 2016 - Bentley Technology Enables Vic's Crane & Heavy Haul to Build and Deliver a 160-foot-long Process Vessel on Time and as Safely as PossibleMENAFN Press
(MENAFN Press) August 25, 2016: Flint Hills Resources chose Vic";s Crane & Heavy Haul to transport a 160-foot-long, 750,000-pound process vessel by barge and trailers to its Pine Bend Refinery in ...

 Aug 28 2016 - 20 Boxes of Donations from AFG Employees to Emirates Red CrescentMENAFN Press
(MENAFN Press) Al Fahim Group (AFG) has donated 20 boxes to the Emirates Red Crescent through the employee Box Appeal Campaign for the third consecutive year as part of its annual Ramadan CSR ...

 Aug 28 2016 - Red Hat Powers New Generation of High-performance virtualization based on open standards with Red Hat Virtualization 4MENAFN Press
(MENAFN Press) DUBAI, UAE, 25th AUGUST, 2016 – Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the general availability of Red Hat ...

 Aug 28 2016 - Emirates NBD ClassicsAriane Haering and Benjamin Schmid in DUCTAC!MENAFN Press
(MENAFN Press) An enchanting evening of Western Classical Music with Benjamin Schmid and Ariane Haering. The Swiss-born pianist Ariane Haering has a richness of chamber music repertoire. ...

more...


 





Google

Easy Forex
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help