Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
International oil companies (IOCs) operating in Tunisia will hope that a new government spells the end to a bureaucratic deadlock that has slowed development of the country’s energy sector and led to a 30% fall in oil output since 2010.
The aftermath of the 2011 revolution that toppled Ben Ali, saw substantial political instability, as a first government had to make way to a caretaker administration. As a result, exploration rights were not granted, and exploration and production permits not renewed, a serious blow to efforts to keep national output steady.
Production fell from 79,000 b/d in 2010 to a mere 55,000 b/d in July and August. Gas output is also down with a step up in activity needed to prevent further declines. (CONTINUED - 351 WORDS)