5.000
%
Neutral
58
mm boe
51
%
Both onshore and offshore O&G has suffered from restrictive government intervention. However, more recently, a more collabourative approach has been mooted, albeit not delivered yet.
May 10, 2024
Africa - North
mm bbl
bcf
Northern Africa, bordering the Mediterranean Sea, between Algeria and Libya.
Multiple (PSC/Concession)
The fiscal regime that applies to the petroleum industry in Tunisia consists of a combination of royalties (MET), corporate profits tax and an export duty on crude oil, oil products and natural gas.
Tunisia continued to make progress on its democratic transition and successfully held its second round of parliamentary and presidential elections since the 2011 revolution in September and October 2019, which led to the formation of a new government on February 2020. In recent years, successive governments have advanced much-needed structural reforms to improve Tunisia’s business climate, including an improved bankruptcy law, an investment code and initial “negative list,” a law enabling public-private partnerships, and a supplemental law designed to improve the investment climate. Nevertheless, substantial bureaucratic barriers to investment remain. State-owned enterprises play a large role in Tunisia’s economy, and some sectors are not open to foreign investment.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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