Tunisia is attracting foreign investment in the energy sector in recent times. The latest acquisition concerns Panoro Energy ASA, an exploration and production company for Norwegian oil and gas, which had already absorbed the DNO Tunisia AS and which has just concluded another agreement worth 65 million dollars to take over the OMV Tunisia Upstream GmbH.
Although Tunisia is not a major producer of oil or gas compared to neighboring countries, it can still attract foreign investors thanks to the government's willingness to improve investment regulations. Laws regulating the sector through the Hydrocarbon Code provide a clear framework of reference and service costs are generally accessible. To these are added other factors, such as quality production, competitive production costs ($ 12 per barrel) and very advantageous tax conditions. (ICE TUNIS)
News source: LaPresse