Tunisia to increase natural gas production by 50 %

Acting prime minister Kamel Morjane kicked off on Friday the Nawara natural gas field in southern Tunisia, The national production is expected to grow 50% during its start-up phase and 70 % in November, with imports dropping 30%, the Prime Ministry said.This project is the fruit of cooperation between the Tunisian National Oil Company (ETAP) and the Austrian Mineral Oil Administration. According to the government, the total cost of the Nawara natural gas field is estimated at 1.105 billion U.S. dollars. TunisianMonitorOnline

12.8% increase in Tourist arrivals rise until August 10 (Official)

Tourist arrivals in Tunisia registered a 12.8% rise until August 10, compared to the same period last year to 5.438 million tourists, statistics provided by the Ministry of Tourism revealed Tuesday. The jump is mainly the result of the recovery of European markets (up 18.8%, until the end of July), in particular, the British market (+110.3%), French (+18%), German (+ 6%) and Russian (+ 0.9%). Besides, the Maghreb tourists visits to Tunisia during the same period leaped 12.4%, compared to the previous year. The Algerian and Libyan markets reached 15%…

40,000 Algerians entered Tunisia last Weekend

At least 40,000 Algerian tourists visited Tunisia after crossing Oum Teboul’s border post during last weekend, The Ticker Times reported. Oum Teboul’s border post has witnessed an extraordinary influx, having taken this route in two days, 40 000 Algerian holidaymakers. During the weekend, ten thousand vehicles passed through this border crossing, the same source added. The reasons behind this rush are the approach of the end of the summer season and the start of the school year that provoked a craze and a growing interest of Algerians for Tunisia. Usually,…

First Tunis RFR trains due to arrive in Tunisia soon

The first Hyundai Rotem EMUs for the Tunis RFR suburban network have been outshopped from the firm’s plant in Changwon, Korea, with the first two sets due to arrive in Tunisia in the coming days, the International Rail Journal reports. Tunisian National Railways (SNTF) awarded Hyundai Rotem a Dinars 416m ($US 147m) contract in October 2018 to supply 28 of the four-car trains. Each 107.9m-long EMU will accommodate 1202 passengers (6p/m2), 248 of them seated, the same added. The 25kV ac 50Hz trains have a maximum speed of 120km/h, the International Rail…

Foreign currency reserves rise to high level in two years

The foreign currency reserves reached nearly 17 billion dinars, corresponding to 95 days of import as at August 9, 2019, up 35.3% over the same period last year, the Central Bank of Tunisia (BCT) said on Wednesday. At the same date last year, foreign currency reserves were just under 11 billion dinars, equivalent to 71 days of imports. The International Monetary Fund (IMF) had approved the payment of a 247-million-dollar instalment (about 730 million dinars) for Tunisia, which represents the sixth instalment of the extended fund facility. The BCT also…

Tunisia ready to supply Libya with power to deal with outage crisis

CEO of the Tunisian Electricity and Gas Company (STEG) Moncef Harrabi said that Tunisia has a large production capacity and a large reserve of energy, which enables it to provide Libya with electricity supplies. “Tunisia has sufficient capacity and reserves to cover all its regions’ needs of electricity and enables it to help Libya, especially after the opening of four new stations in Tunisia,” Harrabi said in a press statement. Libyan cities are experiencing long power outages that could exceed 10 hours a day, due to the high level of…

Tunisia announces grid-connection of its first solar park

The 10 MW facility is located in Tozeur, in southern Tunisia. The project was also financed by the German development bank KFW under Tunisia’s solar program Plan Solaire Tunisien (PST). The project is owned by Tunisian state-owned Tunisian Electricity and Gas (STEG) company and is located near Tozeur, in the south of the country, pv-magazine reported. STEG kicked off the tender for the project in 2014. Italian solar developer Ternienergia won the €12.5 million EPC contract for the project in March 2017. The €16 million project was financed by German…

Founder Institute Tunisia officially starts its 5th cohort

Founder Institute Tunisia is a startup accelerator in the pre-startup or pre-financing phase. Since 2009, through the Founder Institute, more than 3,500 startups have managed to raise more than $800 million and create startups that are growing exponentially. Based in Silicon Valley with chapters spread over 65 countries, Founder Institute is committed to providing innovative and talented communities with the means and tools to create successful startups. Since 2015, 24 new Tunisian startups have been born, through Founder Institute Tunisia, during the 4 cohorts organized in only 3 years. Founded…

Efacec strengthens the electric power grid in Tunisia with 25 substations

Efacec is reinforcing its presence in the Tunisian market with a project that includes the construction and ampliation of 25 electric substations, six of which are new. This set of substations, in the scope of the contract signed with STEG (Société Tunisienne de l’Electricité et du Gaz), is part of the Tunisian Electric Power Transmission Network, Efacec reports on its website. In the scope of this project, 10 substations have already been commissioned, two of which are brand new. The latest one, a 150/33 kV substation, was inaugurated in June…

Inflation rate falls to 6.5% in July 2019

The inflation rate has fallen to 6.5% in July 2019 from 6.8% in June and 7% in May 2019, according to data released by the National Institute of Statistics (INS) on Monday. The INS reported that food prices rose 6.5% in July 2019, as egg prices went up by 16.2%, fresh vegetables by 12%, milk by 9% and meat by 7.6%. Excluding fresh produce, food prices rose 5.9% year-on-year. The decrease is partly due to the dissipation of the year-on-year effect of the July 2018 price increases for transportation services…