14 Hrs
Source:
تونزي تيليغراف
Tunisia-Libya visits attract energy firms
The article discusses the efforts of the Zarat joint maritime zone between Tunisia and Libya to attract oil investments after previous failed attempts. Geant Oil has announced the launch of a new bidding round to invest in the area, which boasts a strategic location and rich geological data covering 3,000 square kilometers, with the aim of activating a project to exploit its hydrocarbon resources. This move follows years of exploratory efforts dating back to 1976 and the zone's failure to attract foreign investors, except for a Canadian company that later withdrew, in an attempt to advance the project to production. The prospects for success are supported by strong seismic data and infrastructural facilitation. The bidding period will last until early 2027, and the success of this round is expected to determine the zone's ability to attract permanent foreign investment and develop its joint oil resources between Tunisia and Libya.
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