Toufik Hakkar's tenure at the head of Algeria's Sonatrach, the largest state-owned oil company in Africa, ended abruptly on 2 October and the former CEO is now facing judicial scrutiny over a number of deals with foreign firms, despite his friends in high places.Africa Intelligence...
Sonatrach chairman and chief executive Toufik Hakkar is becoming increasingly jumpy. Fearful that he could be replaced as head of the state-owned oil giant, he has set about sacking his potential rivals one by one. According to our information, the latest victims of his purge are Toufik Hamda...