Reuters scores big scoop on new CEO at Algeria's state energy firm

Reuters beat nearest competitor Bloomberg in reporting the name of the new head of Algeria’s state energy firm Sonatrach: Nourredine Cherouati. The Reuters news alert came two hours before the appointment was officially announced. The news will have been useful to international clients, since Sonatrach supplies about 20 percent of Europe’s gas needs and works closely with international oil majors. The appointment was seen by analysts as a signal the company was returning to business as usual after disruption caused by a corruption scandal, something that will be reassuring to Sonatrach’s foreign partners.