Tunisia: oil production drops to 40 thousand barrels a day in Q1

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    The country’s fiscal policy, the repeated blockages of the production transport circuits and other purely technical reasons make Tunisia’s oil production continue its drastic fall.

    The figures put forward by the National Institute of Statistics (INS) confirm this vertiginous regression that has hit the country since 2011.

    In fact, Tunisian oil production stood at the last figures at 40,000 barrels daily on average during the first three months from 2018 when it was 70,000 barrels a day in 2010 although former Energy and Mining Minister Hela Chikhrouhou said in May 2017 that production averaged 110,000 barrels a day in 2010.

    This underperformance is mainly attributed to blockages in the transport circuits of production because of repeated movements of workers in the sector but also to the fiscal policy of the country considered by foreign oil companies as unfavorable to investment.

    As a result, the sector no longer interests these companies. This observation is shared by the Global Petroleum Survey in its latest report.

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