Tunisian President Will Launch a Committee to Audit Loans and Grants

A handout picture provided by the Tunisian Presidency Facebook page on December 13, 2021 shows President Kais Saied attending a cabinet meeting in the capital Tunis. (AFP)
A handout picture provided by the Tunisian Presidency Facebook page on December 13, 2021 shows President Kais Saied attending a cabinet meeting in the capital Tunis. (AFP)
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Tunisian President Will Launch a Committee to Audit Loans and Grants

A handout picture provided by the Tunisian Presidency Facebook page on December 13, 2021 shows President Kais Saied attending a cabinet meeting in the capital Tunis. (AFP)
A handout picture provided by the Tunisian Presidency Facebook page on December 13, 2021 shows President Kais Saied attending a cabinet meeting in the capital Tunis. (AFP)

Tunisian president Kais Saied said on Tuesday he will launch a committee to audit all the loans and grants that Tunisia has obtained in the past years, accusing former officials of corruption and looting of funds.

"Where did the money go? The people's money should go back to the people," Saied said during a meeting with the World Bank official, Farid Belhaj.

Saied added that he knew of a grant worth $500 million that was transferred to accounts abroad and did not enter Tunisia at all.



BP Starts Production at Second Phase of Egypt's Raven Field

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
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BP Starts Production at Second Phase of Egypt's Raven Field

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo

British energy giant, BP, announced on Sunday the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project.

BP, the operator, holds an 82.75% stake in the project, while Harbour Energy owns the remaining 17.25%.
The new wells are expected to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate, the company said in a statement.

The project was safely executed ahead of schedule, allowing for an accelerated start of production.

Nader Zaki, BP Regional President for the Middle East and North Africa, said: “This further demonstrates BP’s commitment to investing in Egypt.”

Wail Shaheen, VP BP Egypt, said: “This series of achievements embodies our ongoing commitment to helping meet the increasing local energy demand by optimizing production from available resources while adding new ones.”

The West Nile Delta Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.