Tunisia's Nawara Gas Field Starts Production

Business

February 6th, 8:46am

Tunis - Asharq Al-Awsat

Chergui gas field concession of the UK-based oil company Petrofac on the island of Kerkennah in Tunisia. (AFP)

Tunisia’s Nawara natural gas field started production on Wednesday, and it will increase national gas output by 50%, prime minister Youssef Chahed said. The project is jointly owned by Austria’s OMV and the Tunisian National Oil Company ETAP with an investment of some $1.25 billion. The Nawara project in the south of the country is among other programmes the government is counting on to raise production and reduce the national energy deficit by 20% and cut the trade deficit by 7%. “It is a historic day in Tunisia ...a project worth 3.5 billion dinar ($1.25 billion) has started, with capacity production of 2.7 million cubic metres of gas per day,” Chahed said. He also said the project would boost economic growth by 1%. Tunisia will raise production of natural gas to about 65,000 barrels of oil equivalent per day.

from Asharq AL-awsat https://aawsat.com/english/home/article/2118041/tunisias-nawara-gas-field-starts-production