Sonatrach Sells Properties In Mauritania Over Unprofitable Naftec

Sonatrach’s subsidiary Naftec Mauritania SA starts next Wednesday the operation of selling a set of movable real estate properties in Mauritania, to ease the loss and accumulating debts.

About 90 commercial shops in the port of Nouakshot are set for sale, in addition to a service station with a capacity of 36 000 liters and a 1800 m2 land, in accordance with the government decision to withdraw investments from Mauritania. Such an operation is part of Sonatrach’s decision to recoup subsidiaries and investments of Naftec…read more

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