Why Tunisia

COUNTRY STATISTICS

  • Size: 163,610  km2
  • 2010 Population: 10,589,025

POLITICAL & ECONOMIC STABILITY

  • Macroeconomic stability with low inflation, a large reserve of foreign exchange and a diminishing foreign debt
  • GDP growth of 6.3% in 2008 and 4.2% in 2006
  • Fitch Sovereign risk rating: BBB with stable outlook

OIL & GAS FUNDAMENTALS

  • Net Importer – 23% of natural gas consumption
  • Net Exporter – 3% of oil consumption
  • Demand growing at 6.0% per year – faster than China
  • One of the largest energy consumers in Africa

Favorable Fiscal Regime

  • Regarded as one of the most favorable fiscal regimes worldwide
  • New Hydrocarbon law since 1999
  • Exploration has intensified since this new code
  • Exploration permit: 5 years
  • Exploitation permit: 30 years
Region Oil Royalty Gas Royalty Corporate Tax State Participation Additional
Algeria Up to 50% Up to 50% 20% Up to 90%
Brazil 10% 10% 34%
Germany 15% 35% 33%
UK - - 50%
Tunisia Up to 15% Up to 15% 32%
Morocco 10% 5% 32% Up to 25% 10 year
tax break

Recent Successes

  • ADX 2010 – exploration well discovery with an estimated recoverable gas of 309 bcf
  • OMV 2009/2010 – 9 gas discoveries in the Nawara Production concession

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