Tunisia to almost double gas production this year

Author: 
Reuters
ID: 
1547821545291848900
Fri, 2019-01-18 14:23

TUNIS: Tunisia will almost double production of natural gas to
about 65,000 barrels of oil equivalent per day this year, the
industry and energy minister, Slim Feriani, told Reuters on
Friday.
The country’s gas output will jump from 35,000 barrels of oil
equivalent per day (boed) when the southern Nawara gas field comes
onstream in June, Feriani said.
“We will raise our production by about 30,000 barrels of oil
equivalent when the Nawara project in the south will start,”
Feriani told Reuters in interview.
This project will be jointly owned by Austria’s OMV and Tunisian
National Oil Company ETAP with investments of about $700
million.
Feriani also said Tunisia was seeking to attract about $2 billion
in foreign investment to produce 1,900 megawatts (MW) of renewable
energy in three years. “We will start launching international
bids for the production of renewable wind and sun energy. We aim to
produce 1,900 MW by investment of up to $2 billion until 2022,”
he said.
This would represent about 22 percent of the country’s
electricity production.
PHOSPHATE
Tunisia also plans to raise production of phosphate from 3 million
tons to 5 million in 2019, he said.
Raising the output will boost economic growth and provide revenue
to revive its faltering economy, the minister said.
Phosphate exports are a key source of foreign currency reserves,
which have dropped to levels worth just 82 days of imports,
according to Tunisia’s central bank.
Tunisia produced about 8.2 million tons of phosphate in 2010 but
output dropped after its 2011 revolution. Annual output has not
exceeded 4.5 million tons since 2011.
Feriani said lower production has caused Tunisia to lose markets
and about $1 billion each year.
Phosphate exports were hit by repeated protests in the main
producing region of Gafsa, where unemployed youth demanding jobs
blockaded rail transport.

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Source: FS – All-News-Economy
Tunisia to almost double gas production this year