Tunisia - "Entreprise Tunisienne d’Activités Pétrolières" (ETAP) - Hasdrubal Oil and Gas Field Development Project

Project Summary

Approval Date 17 Mar 2010
Signature Date 08 Jul 2010
Sovereign / Non-Sovereign Non Sovereign
Sector Power
DAC Sector Code 23340
Commitment U.A 106,656,048.46
Status Completion

Project General Description

A 5-year, non-sovereign guarantee, a USD 150 million corporate loan to the Entreprise Tunisienne d'Activités Pétrolières(ETAP), the Tunisian state-owned oil and gas exploration and production company, to support its 2009-2010 investment plan and mainly to finance the Hasdrubal oil & gas filed development project. The Hasdrubal project involves the construction of a stand-alone gas, condensate and oil production system located in the Gulf of Gabes, about 100 km offshore. It comprises six offshore horizontal producing wells, an offshore production platform, an onshore processing plant for production of natural gas and liquefied petroleum gas, an offshore gas pipeline, and an onshore pipeline to reach the STEG’s (the Tunisian electricity and gas national company) network.

Project Objectives

By reinforcing Tunisia’s energy security, the project is of a strategic importance to the country. In addition; the project will also allow the government to generate additional revenues though royalties, dividends and taxes. The project will also improve the country’s balance of payments. Its economic rate of return is estimated at 19%

Participating Organization

African Development Bank


IATI identifier 46002-P-TN-FD0-004
Last Update 22 Mar 2023


Contact Details

Name Tarek Saleh Mostafa AMMAR
Email t.ammar@afdb.org

Geographic Location

Country Tunisia
Coordinates Location Name
34.6015 10.5883 ETAP Hasdrubal Processing Plant
33.83333 9.75 Gouvernorat de Gabes
34.549 10.481 Mutamadyat al Mahras