Tunisia’s struggling economy racked up a $7.2bn trade deficit in 2018 with net oil and gas imports accounting for a record $2.3bn – 33% of the total.
Gone are the days when Tunisia was a net oil exporter. Having peaked at 118,000 b/d in 1979, crude output has halved since 2010 to just 38,000 b/d for 2018 (see chart 1). Tunisia is now reliant on imports to meet 60% of oil demand. (CONTINUED - 959 WORDS)