Tunisia hopes its newly drafted hydrocarbons code will help in reviving its suffering Energy sector that has curbed due to the political unrest across the north African country, Interfax energy reported.
Kamel Rekik, Energy Consultant in Tunis, said: “The draft hydrocarbons code is looking at making our fiscal terms more attractive than the competition’s.” Rekik added: “The government is undertaking a benchmarking exercise and will do what it can to offer unbeatable terms.”
Tunisia’s gas sector also needs better infrastructure to unlock potential new supply sources. As a result, the government introduced the Nawara gas project designed to link the country’s southern gas fields to northern demand hubs.
It has been previously reported that Tunisia’s oil production decreased by 8.6% to 9.48m barrels in mid July 2016, while that of natural gas fell from 12.8% to slightly over 1.2mcm, in the given period. The declines were due to the shutting of production for technical reasons, political instability, and many oil fields reaching their maturity.