Thursday, November 05, 2015

Austrian company supervising the gas project in the south may have to leave Tunisia


According to the Tunisian daily Al Chourouk, the Austrian oil and gas company "OMV" holding over 8 concessions as Cherouq, Ashtart and in charge of the 370 Km pipeline project called "Nawara" funded by a 500 Euros lean from the European Bank may have to leave the country  and end its relationship with the project. It is noteworthy in this context, that the liquefied gas project of the South, suffers from many difficulties and disruptions that caused the continuing delay in completion of the project, and this delay candidate to connect more than another year at least. It complained of many obstacles and difficulties that have hampered its success in the completion of this huge project suffering from administrative delays, as well as the lack of profitability of the project because of the ongoing decline in oil prices in global markets.

About OMV Tunisia
Tunisia has an important place in the history of OMV, since it was the site of the project the first international exploration and production of OMV in 1971. Since then, Tunisia has become an important component of the central region North Africa with the acquisition of the international activities of Preussag in 2003 and strengthened its position with the acquisition of Pioneer in 2011.