A perfect storm is brewing. A protest movement in Tunisia’s far south is blocking a key chunk of output. The coronavirus is not only causing operational difficulties but the related oil-price crash has pretty much ended Tunisia’s hopes of a near-term investment uptick. And to top it all off, after just five months Tunisia is once again searching for a new government (MEES, 24 July).
Tunisia’s oil sector was already struggling before the 2020 onslaught. Underlying decline coupled with a dearth of investment has more than halved crude production over the past decade to around 36,000 b/d in the first half of the year (see chart). (CONTINUED - 1627 WORDS)