French independent oil and gas producer Perenco is looking to invest $380mn in Tunisia over the next four years according to the government which hosted the firm’s chairman Francois Perrodo in Tunis on 26 March. Anything close to that sum would represent a significant boost to the country’s struggling oil and gas sector (MEES, 25 February).

The investment will concentrate on “new oil fields in the Gulf of Hammamet and Gulf of Gabes,” according to a government statement which also said the firm was seeking to diversify into areas such as solar power, waste recycling, and even “bio olive oil.” (CONTINUED - 201 WORDS)