• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 15 hours Shale Oil will it self destruct?
  • 10 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 4 mins Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Childish Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 6 hours Iran Captures British Tanker sailing through Straits of Hormuz
  • 19 hours Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 7 hours Renewables provided only about 4% of total global energy needs in 2018
  • 24 hours Today in Energy
  • 2 days Populist, But Good: Elizabeth Warren Takes Aim at Private-Equity Funds
  • 1 hour Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 2 days Mnuchin Says No Change To U.S. Dollar Policy ‘As of Now’
  • 1 day LA Solar Power/Storage Contract
  • 2 days Why Natural Gas is Natural
  • 10 hours U.S. Administration Moves To End Asylum Protections For Central Americans
Coal’s Long Goodbye

Coal’s Long Goodbye

U.S. coal producers continue to…

Oil Falls Back As Iran Risk Factor Fades

Oil Falls Back As Iran Risk Factor Fades

Oil prices started the week…

Tunisian Oil Protests Continue, Second Pumping Station Closed

Tunisia

Protesters in southern Tunisia have closed another oil pumping station in the Kebili province, signaling that the months-long sit-ins and gatherings are nowhere near an end. The protests erupted soon after the 2011 Arab Spring revolution as Tunisia suffers high unemployment rates amid an economic transition following the uprising.

The protesters, whose activities have been peaceful so far, demand not just jobs, but also more transparency with regard to the North African country’s oil and gas wealth revenues distribution. Averaging 44,000 barrels per day, Tunisia is not a large oil producer, but it does produce oil, and according to the protesters, the money from the sales of this oil is not being distributed fairly, as much of it as there is: US$413 million (1 billion dinars) for 2016.

Earlier this month, the protesters shuttered production at two gas and condensate fields operated by French Perenco and the pumping station they shut off this weekend is also at a Perenco field. The army, which the government deployed to guard oil and gas fields earlier this month, did not interfere with the protesters’ actions, according to Tunisian media.

Besides oil and gas, the protesters were also targeting phosphate production sites—another major export revenue contributor for the Tunisian budget—but the government managed to strike a deal with them on this point, and production has begun to rise.

Related: Oil Prices Rise As Most OPEC Members Back Deal Extension

Before the Arab Spring, Tunisian produced some 100,000 bpd of crude oil. Since then, production has more than halved thanks to the ongoing protests, driven mainly by young unemployed men believing that the revolution did not bring them the benefits they expected.

Tunisia has become a heavy borrower following the regime change, and the government is now trying to implement unpopular measures such as canceling free universal healthcare, on which its lenders insist. These measures are aggravating the situation with the protests, even though, as Reuters notes, Tunisia has been widely considered an exemplary transition economy.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play