Efforts to overhaul the country’s hydrocarbons regulations, however, have been stymied by political instability, while the development of energy projects has been slowed by social unrest across the country. A revised hydrocarbons code has yet to be passed by Parliament and the question of whether to tap into non-traditional oil and gas reservoirs has increasingly become a key issue of debate....
Tunisia Energy
Tunisia has successfully navigated the difficulties of the post-revolutionary period by capably establishing robust democratic institutions. However, the country faces macroeconomic challenges since the 2011 revolution. Budgetary pressures, combined with a devaluation of the dinar and a rise in the level of business informality, have made the current environment a complex one.
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Tunisia has successfully navigated the difficulties of the post-revolutionary period by capably establishing robust democratic institutions. However, the country faces macroeconomic challenges since the 2011 revolution. Budgetary pressures, combined with a devaluation of the dinar and a rise in the level of business informality, have made the current environment a complex one.
Despite its comparably lower volume of hydrocarbons reserves, Tunisia has largely been able to effectively allocate them to meet its development needs. However, as its oil and gas reserves diminish, the long-term energy strategy will increasingly rely on diversified sources. Although an uptake in exploration efforts may yield new exploitable reserves, an acceleration of renewable energy...
Tunisia is working to gradually improve its economic indicators by means of tough yet necessary structural reforms. Although significant strides have been made since 2011, the country continues to face acute macroeconomic imbalances, while coincident reforms have suffered from changing administrations in the years following the revolution, negatively affecting economic growth.
Chapter | Table of Contents from The Report: Tunisia 2017
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While Tunisia has far fewer oil and gas reserves than its neighbours, it was not until the late 1990s and early 2000s that the country’s demand began surpassing domestic production. It was then that Tunisia became dependent on foreign energy imports, and began diversifying its energy mix through renewables and efficiency campaigns to curb consumption. Local authorities are now looking to...
The past two years have seen the Tunisian economy follow a gentle upward trajectory – one that falls short of the pace of expansion needed to reduce poverty and improve the revenue base, but that nonetheless exhibits a marked improvement over previous years.