Friday, March 21, 2008

An oil prospecting agreement between Algeria and Tunisia

A preferential trade exchange agreement will be signed soon between Algeria and Tunisia, while the economic exchange is expected to reach unprecedented levels between both countries, a Tunisian diplomatic source told El Khabar.

In this regard, cooperation between Algeria and Tunisia is expected to be bolstered as another convention related to bilateral investment boosting is scheduled to be sealed, as both sides are intending to reinforce the economic cooperation in energetic, trade sectors, as well the investment.
Furthermore, both sides have signed a convention for industrial and energetic cooperation at the last joint committee 16th session held in August 2007, particularly in energetic prospecting and production. The Tunisian oil companies are expecting to transport the crude oil from Algeria to Tunisia, through a pipeline, with view to supplying Alsekhira refinery, based in southern Tunisia, as well as completing the electricity cables works, also supplying the borderline Tunisian regions with gas.


Via [El Akhbar]