5.000
%
Neutral
60
mm boe
51
%
Both onshore and offshore O&G have suffered from restrictive government intervention. A more collaborative approach has been mooted but not delivered, and President Saied's refusal to accept IMF conditions leaves the country without market access. Outlook maintained because there has been no material change in policy. Outlook: Neutral. Risk premia unchanged at 5%.
October 7, 2026
Africa - North
mm bbl
bcf
Northern Africa, bordering the Mediterranean Sea, between Algeria and Libya.
Multiple (PSC/Concession)
The fiscal regime that applies to the petroleum industry in Tunisia consists of a combination of royalties (MET), corporate profits tax and an export duty on crude oil, oil products and natural gas.
President Kais Saied's authoritarian rule continues, with the jailing of opponents and a refusal to accept IMF conditions, leaving the country without external market access. US and UK guidance cite bureaucracy, FX controls and political risk. The EIA notes that oil and gas output is small and declining. Tunisia receives transit fees from the Trans-Mediterranean pipeline carrying Algerian gas to Italy and is pursuing the ELMED interconnector with Italy.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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