Tunisia: Industry Minister - 'Shell Tunisia to Drill Four Oil Wells "'
"Shell Tunisia company is to drill, in 2013, 4 oil wells in the central region, with an amount worth 150 million dollars (250 billion dinars)", Industry Minister Mohamed Lamine Chakhari said on Saturday, TAP reported.
Source : https://www.marocafrik.com/english/Tunisia-Industr...
After the meeting with Prime Minister Hamadi Jebali and the Deputy-Chairman of Shell Tunisia for the Middle East and North Africa (MENA) Mounir Bouaziz, the Minister added that the meeting was an occasion to discuss Shell's working programme, the exploitation prospects of the company and the exploration licence in the region of Kairouan, to be signed shortly.
In turn, Mr. Mounir Bouaziz underlined that the final location of these wells, presently scheduled in Kairouan. Sites in Sousse,El Jem and North Sfax, will be identified after the prospecting operations.
He added that new techniques used in America will be applied for the first time in Tunisia and the MENA region.
"This investment will provide jobs to the labour force and to small Tunisian companies," he said emphasising that Shell International, established in Tunisia since 1920, would continue to invest in the country.
75 percent of Tunisia’s widening trade deficit has been attributed to the high imports of crude oil and natural gas, among other things. The government, which has forecast a budget deficit of 6.6 percent of GDP this year, is cutting fuel subsidies and raising the price of petrol by 7.2 percent according to Reuters.
In turn, Mr. Mounir Bouaziz underlined that the final location of these wells, presently scheduled in Kairouan. Sites in Sousse,El Jem and North Sfax, will be identified after the prospecting operations.
He added that new techniques used in America will be applied for the first time in Tunisia and the MENA region.
"This investment will provide jobs to the labour force and to small Tunisian companies," he said emphasising that Shell International, established in Tunisia since 1920, would continue to invest in the country.
75 percent of Tunisia’s widening trade deficit has been attributed to the high imports of crude oil and natural gas, among other things. The government, which has forecast a budget deficit of 6.6 percent of GDP this year, is cutting fuel subsidies and raising the price of petrol by 7.2 percent according to Reuters.
Source : https://www.marocafrik.com/english/Tunisia-Industr...