VOL. XXXIV

NO. 2

15-OCTOBER-1990

Tunisia

New Oil Law Encourages Hydrocarbon Exploration, Prompts Spate of NewLicenses

Several new agreements with foreign companies have been signed recently as aresult of a new law approved by Tunisia's Chamber of Deputies on 12 June. Thenew oil code is designed to encourage foreign companies to engage in hydrocarbonexploration and development. It replaces the previous legislation (No. 87-9) andis back-dated to 6 March 1987. It entitles the holders of exploration...