In an interview given to Ed Reed from Energy Voice, Dr Carole Nakhle, CEO of Crystol Energy, comments on Tunisia’s new elected president and its hydrocarbon industry. According to Dr Nakhle, Tunisia is on the right path democratically and it stands out from its neighbouring countries after the country brought in transparency following years of opacity due to the dictatorship of Zine al-Abidine Ben Ali.
However, its hydrocarbon industry has been struggling. Not only the geology is tough, but there is also heightened political risk and contractual arrangements are regarded as the greatest problems for investors in Tunisia. Investment is unlikely to come unless there are more lenient terms to compensate for the challenges, says Dr Nakhle.
Education is another crucial element. Transparency is written into the Tunisian constitution but this alone is not sufficient. Dr Nakhle argues that there is a need for education beyond transparency; it is not just enough to be able to read the contracts, people must understand them.
“Assessing Tunisia’s Upstream Petroleum Fiscal Regime”, Dr Carole Nakhle, Oct 2019
“Tunisia’s fragile transition”, Dr Carole Nakhle, Feb 2017