Tunisia Oil Nationalization Preview

Tunisia is experiencing a significant decline in the hydrocarbon exploration sector, with the number of active licenses dropping from 16 in 2024 and 15 in 2025 to only 12 in 2026. This decline is due to the lack of new discoveries and a shortage of exploratory wells, which threatens the country’s ability to meet the increasing demand for gas needed to operate power plants and reduce reliance on imports. Despite having extensive geological data, weak exploration activity and ongoing production decline have led to a decrease in energy independence from 44% in 2024 to 34% in 2026, and an increase in the energy deficit to around 7 billion dinars. Efforts are concentrated on developing old fields rather than discovering new resources, jeopardizing the country's future energy security.

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