2017 November 25 | Tunisia News Gazette

Daily Archives: November 25, 2017

National Commission of Management of Assets and Funds Subject to Confiscation sells 60 seized properties

Some 60 confiscated properties totalling 66 million dinars (MD) have been sold by the National Commission of Management of Assets and Funds Subject to Confiscation, Minister of Finance Ridha Chalghoum announced on Saturday.

Speaking at a plenary session devoted to the review of the budget of the Ministry of Finance for the year 2018, he added that 22 companies confiscated and managed by “Al Karama Holding” will be sold before the end of 2017.

Chalghoum said the commission has divested three state holdings in three companies for $ 100 million, saying it is planned to schedule and monitor the sale of more than 22 companies confiscated and managed by “Al Karama Holding”.

He announced the lifting of the legal administrator of more than 30 confiscated companies and the designation of structures in charge of the management of newly confiscated property in anticipation of their sale, indicating that the value of the confiscated property will reach 500 MD.

The Minister of Finance also stressed that the tender for the sale of confiscated cars will be published before the end of 2017 after the publication of the first call for tender in August 2017.

Source: TAP News Agency

Minister of Energy appears before Judicial and Financial division

Minister of Energy, Mines and Renewable Energies Khaled Kaddour appeared this week before the investigating judge in the context of a case brought before the judicial and financial division, the ministry said in a statement Saturday.

The ministry specified that the complaint concerned the transfer of shares of the petroleum exploration license submitted to the commission, which issued a “technical opinion” before transferring the file to the confiscation commission.

“Khaled Kaddour will provide the court with all explanations and evidence proving the compliance of the procedures adopted by the advisory committee on hydrocarbons in this case, processed in October 2011,” the ministry concluded.

Source: TAP News Agency

Gentiloni describes as “excellent” Tunisian-Italian cooperation in fight against illegal emigration

Speaker of the House of People’s Representatives (HRR) Mohamed Ennaceur received, Saturday at the Bardo Palace, Italian Prime Minister Paolo Gentiloni, on a working visit to Tunisia from 24 to 26 November 2017.

According to a statement of the HPR, the talk focused on bilateral cooperation in the fight against illegal emigration, terrorism and ways to combat this scourge.

On this occasion, Gentiloni described as “excellent” the Tunisian-Italian cooperation in the fight against illegal emigration reaffirming his country’s will to promote this partnership and diversify its areas.

“For Italy, Tunisia is a strategic partner,” he said, underlining his country’s will to boost this partnership and contribute to the success of the transition process initiated by Tunisia.

Besides, Gentiloni said he discussed with the parliament speaker ways to resolve the Libyan crisis as well as the evolution of Tunisian-Italian cooperation in the fight against terrorism.

In this connection, Paolo Gentiloni expressed full solidarity of Italy with the Egyptian people and government following the “odious” attack on Friday, which targeted a mosque in Sinai.

For HPR Speaker Mohamed Ennaceur, the security of Tunisia is also that of Europe. He commended, in this regard, the establishment of a “Marshall Plan” for Africa to develop the economy of the countries of this continent including Tunisia.

Source: TAP News Agency

Hydrocarbon exploration: Strategic study on environmental impact assessment to be finalised in 2018

“A strategic study on the environmental and economic impact assessment of the exploration and production of hydrocarbons from non-conventional deposits, including Shale gas, will be finalised by September or October 2018,” said Chairman of the House of People’s Representatives (HPR) Committee on Industry, Energy, Natural Resources, Infrastructure and Environment Ameur Larayedh.

The ongoing study is conducted by a Tunisian and a Canadian consultancy firms; its results will help Tunisia decide whether or not to take this approach, he told participants in the 6th SUD.SEC.MED symposium held Saturday in Tunis on the theme: “Energy Security in the Mediterranean.”

Tunisia, which posted a significant energy deficit, is pursuing a policy that rests on the optimal exploitation of conventional resources and search for sustainable energy solutions, such as renewables, Larayedh indicated.

The natural gas field Nawara, southern Tunisia, will come on stream in 2019 rather than 2018, as initially scheduled, as a result of delays caused essentially by protests.

Tunisia is lagging behind targets set, including a 12% renewable energy share in 2020 and 30% by 2030. This concern can be mended if efforts and investments are scaled up.

The results of the first tender for renewable energy-based electricity production, which saw the participation of 69 firms, will be announced in the coming weeks, the Committee Chair said. Other calls for tenders will be launched in December or in January at the latest.

Director General of Hydrocarbons at the Ministry of Energy, Mines and Renewable Energies Mohamed Ali Khalil said paralysed production in oil fields in southern Tunisia from May to August 2017 caused losses estimated at 930 MTD.

Hydrocarbon reserves in Tunisia do not exceed 0.8 billion oil-equivalent barrels, far below neighbour countries’. The Energy Independence Index stood at 59% in 2016 and is expected to reach projections of 52% in 2017. The State oil receipts fell 71% over the last five years from 3054 MTD in 2012 to 856 MTD in 2016.

The number of exploration permits dropped from 50 in 2012 to 26 in 2016 and 23 in 2017, including the new licenses of Nefzaoua and Douiret granted last June.

Investments also showed a downward trend (-51%) in comparison with the period spanning 2006 to 2011; national hydrocarbon resources posted an annual 6% decrease in the 2010-2016 period as a result of the natural decline of oil fields.

Meanwhile, demand for primary energy rose 2% annually between 2010 and 2016. It will probably be the same pattern in 2017, Khalil said.

Given the state of affairs, the national strategy provides for developing national resources by means of encouraging exploration in untapped areas (the north and the midland), considering the possibility of resorting to unconventional energies, improving energy efficiency, rationalising energy sector compensation and boosting renewables, the official highlighted.

The symposium was organised by the Centre for Mediterranean and International Studies and Konrad Adenauer Foundation.

Source: TAP News Agency

“Experience of green and blue economies is still at its beginning in Tunisia” (KhemaA�es Jhinaoui)

“The experience of the green and blue economies is still at its beginning in Tunisia,” said Saturday Minister of Foreign Affairs, KhemaA´┐Żes Jhinaoui.

“The sectors of the green and blue economies are very buoyant and could contribute to the resolution of the unemployment problem in Tunisia,” he told TAP on the sidelines of the 34th session of the Ministerial Conference of La Francophonie organized , on November 25-26, 2017 in Paris, on the theme “New economies: blue economy, green economy – new generators of wealth creation, social inclusion and sustainable development.”

“Our goal in Tunisia is to offer young people opportunities to create projects in the field,” he said, adding that “renewable energies are included in the 2016-2020 development plan.”

Source: TAP News Agency