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British Gas to invest 1.25 billion dollars in Tunisia

AFP
TUNIS
Petroleumworld.com 06 21 07

The head of British Gas said Wednesday the company was going to invest some 1.25 billion dollars (1 billion euros) in two gas de posits in Tunisia.

About half a billion would be used to develop the Miskar field and around 1.2 billion would be slated for the mining of the new Hasdrubal field, in partnership with Tunisia's state-owned oil company ETAP, according to the ETAP website.

Construction at the new gas deposit has begun, both on- and off-shore, and production is set to start in 2009, Wilson said in a statement on the ETAP site.
British Gas will become the leading producer of gas and liquid petroleum (GPL) in Tunisia, Wilson added.

AFP 20 1650 GMT 06 07

Copyright© 2007 AFP. All Rights Reserved.

 

 

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