Preussag Awarded Oil Exploration Permit In Tunisia
Tunisia has awarded an oil exploration permit to a joint venture between the German company Preussag Energy and state-owned Enterprise Tunisienne d'Activites Petrolieres (ETAP). The permit covers a 5,016 sq. kms. area in the Maatoug region. Tunisia is moving to compensate for declining oil production by granting more exploration permits to foreign firms. Since the late 1980s, the number of...