Tunisia gives Royal Dutch Shell oil exploration deal

In a move to attract foreign investment, Tunisia has award Royal Dutch Shell with an oil exploration deal.

Royal Dutch Shell has won a $150 million oil exploration deal in Tunisia as part of plans to attract investments to the energy sector, the industry minister said on Saturday.

“Shell will drill oil wells in the centre of the country at a cost of $150 million,” Lamine Chakari said.

Exploration and drilling operations will take place in the areas of El Jem, Kairouan, Sousse and Sfax, he said, without giving more details.

This is a continuation of African nations discovering more oil and gas deposits. Such discoveries are a good opportunity for economic development.  Resource management is another issue. Overseeing all this requires, sound governance and environmental protection.

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