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
 Sep 20 2014 - Sputtering City bid to keep high-flying Chelsea in checkArab Times
(MENAFN - Arab Times)  LONDON Sept 19 (AFP): Stung by a last-minute defeat in the Champions League Manchester City will attempt to make up ground in the Premier League title race when they host ...

 Sep 20 2014 - Everton return in style Spurs heldArab Times
(MENAFN - Arab Times)  PARIS Sept 19 (AFP): Everton marked their first appearance in Europe since the 2009/2010 season with a 4-1 Europa League win over Wolfsburg while Celtic and Tottenham were ...

 Sep 20 2014 - OCA encouraging Saudi on women athletes: Sheikh AhmadArab Times
(MENAFN - Arab Times)  INCHEON South Korea Sept 19 (AFP): Pop star Psy kicked off the Asian Games 'Gangnam Style' in an energetic K-Pop-fuelled ceremony Friday as North Korean athletes received ...

 Sep 20 2014 - Neeson in action in 'Tombstones'Arab Times
(MENAFN - Arab Times)  LOS ANGELES Sept 19 (Agencies): It's not for nothing that the names of Sam Spade and Philip Marlowe are reverentially referenced in writer-director Scott Frank's ...

 Sep 20 2014 - Indicators of US economy edge '0.2 percent' higher in AugustArab Times
(MENAFN - Arab Times)  WASHINGTON Sept 19 (Agencies): A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July. The Conference Board said ...

 Sep 20 2014 - Omniyat to launch 3 projects worth USD952.7m in DubaiMENAFN
(MENAFN) Omniyat, a leading development group in the Middle East, is set to launch three distinguished mega-projects worth USD952.70 million at Cityscape Global, Khaleej Times reported.The group's ...

 Sep 20 2014 - Egypt awards oil, gas exploration deals worth USD187mMENAFN
(MENAFN) The Egyptian Petroleum Minister said his country has signed oil and gas exploration deals worth USD187 million with some Western companies and a Tunisian firm, Arab News reported.The ...

 Sep 20 2014 - Morocco, Congo discuss maritime transport cooperationMENAFN
(MENAFN) Local media reported that Morocco and Congo are currently holding talks to boost the bilateral relations in the field of maritime transport, QNA reported.In a meeting that joined the ...

 Sep 20 2014 - Denmark tightens asylum laws citing Syrian influxArab News
(MENAFN - Arab News) COPENHAGEN: Denmark said on Friday it would introduce a new temporary type of residence permit for asylum seekers fleeing civil wars such as the Syrian conflict after a huge ...

 Sep 20 2014 - Abbott cites 'chatter' of attacks on govt ParliamentArab News
(MENAFN - Arab News) SYDNEY: Intelligence 'chatter' has revealed that militants plan to attack Australian politicians and government buildings the prime minister said on Friday a day after hundreds ...

more...


 






Google

Click to Apply

 
 

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