1. Tunisia: Oil Production Slump Exacerbates Budget Shortfall

    ...g (for Tunisia) new fields are on the horizon, but none of these appear large enough to compensate for decline. In addition to Zarat, which could produce “tens of thousands of boe/d by 2017-18,” PA Resources has a further significant discovery, Elyssa on the southern limit of the Zarat permit. Fi...

    Volume: 55
    Issue: 21
    Published at Mon, 21 May 2012
  2. IMF Joins Chorus Calling Kuwait’s Spending Unsustainable

    ...WAIT   IMF Joins Chorus Calling Kuwait’s Spending Unsustainable The IMF has joined other critics of Kuwaiti government policy in suggesting the country’s spending is unsustainable. In its Article IV consultation it estimates “that government expenditure will exhaust all oil revenues by 2017” and fi...

    Volume: 55
    Issue: 21
    Published at Mon, 21 May 2012