Tunisia’s energy stats for 2024 do not make pleasant reading. The country’s level of ‘energy independence’, as per official stats, fell to a multi-decade low 41% with the ‘energy trade deficit’ balooning by 19% to a record 10.72bn dinars ($3.45bn), the equivalent of 7% of the country’s GDP.
This comes as domestic output of both oil and gas fell to new multi-decade lows. For crude and condensate, production of 28,800 b/d was down 4% for the country’s lowest ever full year of crude production since first output was achieved with the start-up of Eni’s El Borma field in 1966. With oil demand up 3% at 98,400 b/d, the country’s oil import dependence hit a record 70.7% (see chart 1). (CONTINUED - 498 WORDS)
