Tunisia has a modest but significant oil and gas sector. While not as large as some of its regional neighbors, Tunisia’s energy industry plays a crucial role in its economy and development efforts.
Tunisia began oil production in 1966, with the El Borma field being the first significant discovery. The country reached its peak production in 1980, producing around 118,000 barrels per day (bpd). However, production has since declined, and by 2022, Tunisia was producing approximately 35,400 bpd. The country is now a net importer of oil and refined petroleum products.
Tunisia also produces natural gas, with offshore fields like Miskar and Hasdrubal contributing to the country’s energy mix. These fields have experienced a natural decline in production, but new projects like the Zarat deposit are expected to boost national production.
Tunisia has one refinery located in Bizerte, managed by the Tunisian Company of Refining Industries. The refinery has a capacity of 34,000 bpd, which is lower than the country’s consumption, leading to the import of refined products. The Trans-Mediterranean Pipeline, which crosses Tunisian territory, allows the export of Algerian gas to Italy, with Tunisia receiving a share of the gas in return.
The oil and gas sector is vital to Tunisia’s economy, providing revenue and employment. However, the country faces challenges such as declining production, increasing import dependency, and the need for investment in new exploration and production projects. The government has been working to attract foreign investment and improve the fiscal terms for oil and gas projects.
Despite the challenges, Tunisia’s oil and gas sector holds potential for growth. The government’s efforts to create a more competitive fiscal regime and attract investment are crucial steps toward revitalizing the industry. Additionally, Tunisia is exploring renewable energy sources and partnering with international companies to diversify its energy mix.
In summary, Tunisia’s oil and gas sector, while facing challenges, remains an essential part of the country’s economy. With strategic investments and policy reforms, Tunisia can enhance its energy production and secure a more sustainable future.
Source : Jouycelyn Marigold – African Property News
