El Mediouni Well, Mahdia Oilfield: Circle Oil’s «Phenomenal» Discovery

As per Ridha Bouzouada’s claim that Circle Oil had justified reporting an important discovery as «nothing but a simulation based on drilling work,» L’Economiste Maghrébin has asked whether or not the Irish oil company might not have contrived the results of its drill findings to boost its numbers on the London Stock Exchange. Affiliated Tunisian institions and, by extension, Tunisian media, generally sparing in their (public) treatment of issues concerning foreign investment in the energies and hydrocarbon sectors, may in this case be spudding a more valuable “pontential large discovery” than that which has been so vastly and insouciantly associated with Circle Oil’s operations in Tunisian oilfields.

Foreign Gas and Oil Companies Fuel Tunisia’s Hydrocarbon Industry

In contrast to what one hears on the streets about the dirth of natural resources that little Tunisia has to offer in the way of access to the global market, the cropping-up of press releases and studies in foreign press over the past decade or so intimate the titillation of petro-oil companies at prospects of investing in gas and oil exploration and production in the democratically-inclined ‘bright spot’ of the Arab World.

A ‘Win-Win’ Investment – OMV and ETAP Gazoduc-Nawara Project

In light of the implication of the Tunisian Ministry of Industry, Energy, and Mines and the Tunisian National Oil Company in the mismanagement of natural resources, the notorious association of oil companies worldwide for politicization and economic corruption, and the immensity of intended exploration and production activities in the south of the country, the Gazoduc-Nawara project demands public attention.