News Stream May 06,2020
Tag: Algeria
Lebanon:Arrest warrant against Algeria’s Sonatrach local CEO
A court in Lebanon has issued an arrest warrant against Chief of local Algerian oil company Sonatrach after the company has been accused of selling adulterated fuel and of corruption. Judge Nicolas Mansour, prosecutor of Mont-Liban court of appeal ordered the arrest of Tarek Faoual and several employees of Sonatrach Petroleum (SPC), a subsidiary of […]
Algeria conducts live fire drills near Moroccan border
Algeria’s warmonger leadership launched live fire military exercises near Morocco’s Sahara borders in a move that adds to a series of provocations showing the inherent hostility of the Algerian regime to Morocco. At a time the country’s finances are hit by the fall in oil prices amid the coronavirus outbreak, the Algerian army has geared […]
News Stream May 05,2020
News Stream May 05,2020
Algeria’s endorsement of separatism, a regional destabilizing act- Moroccan FM
Morocco has reiterated its condemnation of Algeria’s support for the separatist Polisario militia as a regional destabilization act. “A Neighboring country continues to fuel separatism and to divert the resources of its people to fund regional destabilization acts,” Foreign Minister Nasser Bourita said via videoconference at the summit of the Non Aligned Movement contact group. […]
Algeria’s Sonatrach, Russian Lukoil ink cooperation MoU
Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]
News Stream May 04,2020
News Stream May 04,2020
Algeria slashes spending by 50% due to drop in oil earnings & Coronavirus impact
The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]
Algeria busy supporting Polisario separatists while leaders are myopic to country’s structural problems
Battered by falling oil prices and lack of pro-activeness in addressing the coronavirus and its social and economic repercussions, Algeria’s President Abdelmejid Teboune has attention geared primarily to undermining Morocco’s territorial integrity through generous handouts to the Polisario separatists. When asked by reporters whether Algeria will seek foreign debt to deal with the crisis, Teboune […]
Aid embezzlement worsens suffering of Sahraouis in Polisario-run camps
A new aid embezzlement scandal emerged in the Tindouf camps after the Polisairo-administered Red Crescent was found guilty of sending aid to stores run by the trade division of the militia to be sold instead of being distributed for free to the targeted vulnerable civilians. This comes amid international concern at reports of a coronavirus […]