Position: Vice-president, upstream
Biography: As Sonatrach’s upstream head, Boumediene Belkacem is responsible for Algeria’s most important assets: its oil and gas reserves. Although responsibility for awarding and regulating upstream oil and gas contracts has passed to Alnaft and ARH respectively, Belkacem plays a critical role in the development of the country’s resources.
Amendments to the 2005 hydrocarbons law reinstated Sonatrach’s obligation to take at least a 51 per cent stake in all upstream contracts, but as resources become harder to extract, this may change.
There is a growing expectation that following awards of acreage in the latest international licensing round, expected to be launched soon, Belkacem will enter talks with international partners for development contracts.
Contact: (+213) 2160 1814