Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

TUNISIA

AfDB Backs ETAP Investment Program

The African Development Bank (AfDB) announced on 8 July the signing of a $150mn corporate loan agreement with Tunisian state firm Entreprise Tunisienne d'Activités Pétrolières (ETAP). The loan is to support the companys 2009-10 investment program, which includes the Hasdrubal oil and gas field development. Hasdrubal involves the construction of a stand-alone gas, condensate and oil production system...