Tuesday, 12 November 2019

Gas Field in `Star Wars' Country to Start Producing by End-2019 - Bloomberg

Gas Field in `Star Wars' Country to Start Producing by End-2019 - Bloomberg:

Tunisia’s biggest energy project -- a long-delayed, $1.2 billion joint venture with Vienna-based OMV AG -- will start producing natural gas by the end of the year, the country’s industry minister said.

Output from the Nawara gas field will enable Tunisia to slash imports of the fuel by 30% and will contribute a full percentage point to the nation’s economic growth rate, Slim Feriani, minister of industry and small and medium enterprises, said in an interview in Tunis. The field lies in southern Tataouine province, which provided a backdrop for scenes in the movie “Star Wars.”

The project represents a potential economic and financial watershed for the North African country, which currently must import much of its energy. Tunisia, cradle of the so-called Arab Spring uprisings against authoritarian rule, is struggling to revive its economy and push ahead with an International Monetary Fund-backed program that calls for cost-cutting measures. The government had planned for Nawara to start up in 2016, but technical and social issues caused delays.

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