Tunisia plays down Eni departure

02 April 2015

Minister says company’s exit not connected to security issues

  • Eni has not confirmed or denied that it is exiting Tunisia
  • It operates both onshore and offshore in the country
  • In 2013, Eni produced 13,000 barrels a day from Tunisian assets

Tunisia’s Minister of Industry, Energy and Mining, Zakaria Hamad has said the departure of Italian oil company Eni will not affect oil production in the country.

Speaking to local news agency TAP, he said the firm’s exit had no connection to the security situation in the country, and the reasons for Eni exiting are increasing costs of production and the decline in global oil prices.

Local media outlet Attounissia has reported that the decision to sell Eni’s Egyptian assets was made following a study conducted by the oil company.

Responding to MEED, a spokesman for Eni refused to comment on the Attounissia story, saying Eni does not comment on press speculation.

Eni had operated in Tunisia since 1960, when it signed an agreement with the government.

The firm’s activities are focused offshore in the Mediterranean, near the coastal town of Hammamet, as well as onshore in the country’s south.

In 2013, Eni produced an average of 13,000 barrels a day (b/d) from its Tunisian assets.

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