Continued unrest in southern Tunisia has halted work on the country’s only sizeable ongoing upstream development. Reversing the country’s declining oil and gas output requires investment, but investors are running scared.

Austria’s OMV, operator of the $1.1bn, 80mn cfd Nawara wet gas project, in February admitted that first gas was likely to be delayed from 1H to end-2018 (MEES, 17 February). Now even that timeframe is looking ambitious.

OMV CEO Rainer Seele tells his...