Quotes: US 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
 Oct 30 2014 - UAE- Hawaii lava flow reaches home threatens townKhaleej Times
(MENAFN - Khaleej Times) Red-hot lava from a slow-erupting volcano has reached a home on Hawaiis Big Island and is threatening an entire town emergency officials said Tuesday. The lava flow from ...

 Oct 30 2014 - UAE- Slow-moving lava creeps closer to Hawaii homesKhaleej Times
(MENAFN - Khaleej Times) A branch of the molten stream was less than 100 yards (90 meters) from a two-story house.This photo provided by the US Geological Survey shows the lava flow from Kilauea ...

 Oct 30 2014 - UAE- Mudslide buries Sri Lanka tea labor quartersKhaleej Times
(MENAFN - Khaleej Times) The military has mobilized troops to help in the rescue operations. Colombo Sri Lanka: A mudslide in central Sri Lanka has buried several rows of workers’ houses at a ...

 Oct 30 2014 - UAE- 10 people killed 200 missing in Sri Lanka after mudslidesKhaleej Times
(MENAFN - Khaleej Times) A local hospital source said that two men and a woman rescued from the mud had been brought in for treatment. Colombo: Around 200 people were reported missing and 10 ...

 Oct 30 2014 - UAE- Heavy rains continue in Telangana two deadKhaleej Times
(MENAFN - Khaleej Times) Two women both sisters were washed in the swirling waters of a rivulet near Madgula village in Guntur district of Andhra Pradesh as heavy rains caused by Cyclone Nilofar ...

 Oct 30 2014 - UAE- Magnitude 6.1 earthquake hits near Samoa: USGSKhaleej Times
(MENAFN - Khaleej Times) A police spokeswoman in the capital Apia told Reuters by telephone that the quake had not been felt in the city and that she was unaware of any damage. Sydney: A 6.1 ...

 Oct 30 2014 - Ottawa shooting was madmans last desperate act says motherKhaleej Times
(MENAFN - Khaleej Times) Susan Bibeau said her estranged son had wanted to travel to Saudi Arabia to study Islam and the Quran not Syria to join militant fighters. Michael Zehaf-Bibeau killed by ...

 Oct 30 2014 - UAE- Kidnapped women used by Boko Haram on front line: Rights groupKhaleej Times
(MENAFN - Khaleej Times) Suspected militant fighters kidnapped about 30 children including girls as young as 11 in Borno state at the weekend. Lagos: Boko Haram has used kidnapped young women and ...

 Oct 30 2014 - Ottawa gunman made video before attack: PoliceKhaleej Times
(MENAFN - Khaleej Times) Michael Zehaf-Bibeau who was shot dead by police in the parliament in Ottawa after killing a soldier Wednesday was mentally ill and wanted to die his mother wrote in a ...

 Oct 30 2014 - UAE- Nepal bus crash kills 14 injures dozens: PoliceKhaleej Times
(MENAFN - Khaleej Times) Among those killed Friday were two people including a woman who was part of a group heading to the Langtang trekking area. Katmandu: A Nepal bus packed with people ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help