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HomeNewsTunisia: ETAP sign $ 120-million loan agreement with AFD

Tunisia: ETAP sign $ 120-million loan agreement with AFD

The Tunisian Enterprise of Petroleum Activities (ETAP) signed, Friday in Tunis , a loan agreement with the French Development Agency (AFD) for an amount of $ 120 million ($ 1 = 2.024 dinars).

The credit will finance Tataouine phase of the Nawara Project entitled “Tataouine Gas Project”, besides the flare gas recovery unit in the Bir Ben Tartar concession.

In a statement released Friday, the Ministry of Industry, Energy and Mining stated that the project will support the ETAP approach to strengthen the social and economic impact of new gas fields in the Governorate of Tataouine.

This is in addition to creating a local industry dynamics and to accompany the company in its approach to environmental protection and make small oil deposits more profitable through the recovery of associated flare gas.

The first component of the project includes the financing of gas transport infrastructure and treatment through the construction of a 94-km-long pipeline with a gas treatment unit in Tataouine followed by a bottling unit of the produced LPG.

The second component of the project includes funding infrastructure for the treatment of associated gas through the construction of a small gas processing unit at Bir Ben Tartar followed by a power generation unit and the power line to connect to the main national electricity network (STEG).
According to the Ministry, this funding will contribute to the commissioning of new gas fields and the recovery of associated gas from small fields.

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