Oil Majors Look To Exit Tunisia  

European oil majors Shell, Eni, and OMV are looking to sell their oil and gas assets in North African country Tunisia, sources in the industry told Reuters on Friday. Tunisia has been struggling to provide a stable regulatory environment for foreign firms over the past ten years since the Arab Spring of 2011. At the same time, Europe’s oil firms are now more aggressively looking to divest non-core assets to cut debt and open more investment opportunities in low-carbon energy sources as they plan to drastically cut emissions and become net-zero…