Government Spokesperson: State’s Sale of some Somagaz Shares Would not Affect Domestic Gas Prices

Mr. Moctar Ould Dahi, the Minister of Culture, Youth, Sports, and Relations with Parliament, Government spokesperson, said that the state’s sale of certain shares of Somagaz would not affect the prices of domestic gas due to the government’s subsidy on this product. Commenting on the results of the cabinet meeting on Tuesday, the minister added that the minister of petroleum’s communique provided a precise diagnosis of the company’s current situation, the deficit it endures, and the necessity for comprehensive reforms to enable it to be competitive in the market. He noted that the communiqué called for the necessity of reducing the state’s share in the company to 33% instead of more than 70% currently.