A loan agreement for an amount of € 150 million, equivalent to 325 million dinars from the European Investment Bank (EIB) and Tunisia, represented by the Ministry of Industry, was signed yesterday in Tunis on March 4, and to the benefit of the Tunisian Company of Petroleum Activities (ETAP).
Kamel Ben Naceur, Minister of Industry, said that this loan will be used to finance a portion of an investment on the development of oil and gas field "Nawara" in the South.
He added that the loan is spread over a repayment period of seven years at a very low interest rate.
"The completion of this project will be provided by Tunisian companies," he assured.
For its part, Mohamed Akrout, CEO of ETAP, said that the realization (over two years) of the project will require the creation from 1000 to 1500 new jobs, including 100 positions of permanent employment term, once the project is implemented.
Nawara note that the field has a production capacity estimated at 2.7 million m3 of gas / day and 7,000 barrels of oil per day.
