Tunisia’s upstream boasts three large international firms. Eni almost quit last year, but now plans modest investment; OMV has Tunisia’s key expansion project, but wishes it hadn’t bothered; whilst Shell eyes nothing more than managed decline. Smaller Dutch firm Mazarine has big plans, however.

After a deal to sell its Tunisia holdings was reportedly blocked by the government last year, it appears Italian giant Eni is now willing to give its assets another shot –...