Tunisia grants Repsol oil, gas exploration permits

Tunisia has awarded Spanish oil company Repsol and state-owned Societe Tunisienne des Activites Petrolieres (ETAP) three oil and gas exploration licences, the Ministry of Industry said on Wednesday

Under the two-year agreement, Repsol and ETAP will be able to drill at three off-shore sites called Ras Raknan, Nadhour and Ras Korane. The two firms will invest $11.4 million to drill at one site, the ministry said. It gave no further details.