hydrocarbures 2

Russian missiles in Ukraine, economic bomb in Tunisia

The war between Russia and Ukraine threatens to weigh heavily on Tunisia’s fragile economic balance. Soaring oil prices will aggravate the burden, with the barrel price having far surpassed the 100 USD mark, not to mention the estimated 75 USD on which the country’s budget was based. Meanwhile, the tourism sector is likely to suffer for want of Russian visitors who once filled Tunisian beaches and hotels.

El Mediouni Well, Mahdia Oilfield: Circle Oil’s «Phenomenal» Discovery

As per Ridha Bouzouada’s claim that Circle Oil had justified reporting an important discovery as «nothing but a simulation based on drilling work,» L’Economiste Maghrébin has asked whether or not the Irish oil company might not have contrived the results of its drill findings to boost its numbers on the London Stock Exchange. Affiliated Tunisian institions and, by extension, Tunisian media, generally sparing in their (public) treatment of issues concerning foreign investment in the energies and hydrocarbon sectors, may in this case be spudding a more valuable “pontential large discovery” than that which has been so vastly and insouciantly associated with Circle Oil’s operations in Tunisian oilfields.