Tunisian state refining company STIR signed a $200mn loan agreement with Saudi Arabia’s Exim Bank on 10 January to help finance imports of Saudi oil products, according to a statement from Tunisia’s economy and planning ministry.
Tunisia’s 2021 oil products imports from Saudi Arabia came to just 1,400 b/d: 1,000 b/d gasoil and around 400 b/d of jet fuel according to data intelligence firm Kpler. So the latest loan deal implies that a substantial increase is on the cards. Tunisia’s oil demand is around 100,000 b/d with the country’s sole refinery at Bizerte meeting around a third of this according to Jodi data. (CONTINUED - 205 WORDS)