Tunisia Has Only One Week of Petrol Supply, Union Official Says

A gas station attendant pumps fuel into a customer's car at a gas station in Tunis, Tunisia June 1, 2018. (Reuters)
A gas station attendant pumps fuel into a customer's car at a gas station in Tunis, Tunisia June 1, 2018. (Reuters)
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Tunisia Has Only One Week of Petrol Supply, Union Official Says

A gas station attendant pumps fuel into a customer's car at a gas station in Tunis, Tunisia June 1, 2018. (Reuters)
A gas station attendant pumps fuel into a customer's car at a gas station in Tunis, Tunisia June 1, 2018. (Reuters)

Tunisia only has enough petrol to last a week, a senior official in the labor union said on Monday, but the energy minister said a new tanker was unloading and that big queues at fuel stations had been caused by a rush of consumers hoarding supply.

Long lines of cars have jammed roads as they wait to fill their tanks around Tunis over recent days in what critics of the government see as another sign of an unfolding crisis in public finances.

The petrol tanker now unloading at Bizerte will give Tunisia an extra few days of supply, taking it to 10-14 days in total, down from the usual 60 days of strategic reserves, said Salouan Smiri, a senior official in the oil section of the UGTT union.

Tunisia is already facing shortages of some subsidized goods, with empty supermarket shelves causing protests last month, as it seeks an international bailout to finance debt repayments and state spending.

"The shortage of fuel supply may resume if the state does not find enough liquidity to pay for upcoming loads," Smiri said on Shems FM radio.

The government has repeatedly denied that it is struggling to pay importers for goods - such as petrol, flour and sugar - that it sells at a subsidized rate, and has previously blamed shortages on internal speculators.

However, while Energy Minister Naila Nouira blamed the shortage on consumer behavior and global distribution problems, she also appeared to acknowledge that payments to importers were contributing to snags in supply.

"The reason for the scarcity of fuel is the rush of people... many Tunisians are taking more than they need," she said on Mosaique FM radio.

"There is financial pressure due to the immediate pace of payment that vendors are asking," she added.

Last week the ratings agency Moody's said Tunisia faced large fiscal and external imbalances, and elevating financing risks, representing significant credit weakness.

The government hopes soon to finalize a staff-level agreement with the International Monetary Fund (IMF) for a rescue program involving potentially unpopular reforms that could unlock further bilateral budget support.



Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco

Saudi Aramco has signed an agreement with Gulf Cryo, a regional leader of end-to-end industrial gases and decarbonization solutions in the MENAT region, to conduct testing of lower-carbon hydrogen and carbon capture & utilization technologies under Saudi Arabian climate conditions enabling future commercial deployment.

The agreement underscores Aramco’s desire to develop a lower carbon emission future through investing in research and technology development, to support business growth and meet global energy demand while reducing scope 1 and scope 2 GHG emissions to net-zero by 2050 from its wholly own operated assets.

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. The testing and assessment will be conducted at Gulf Cryo's newly established Applications and Technologies Center (ATC) at King Salman Energy Park (SPARK), a press statement said Thursday.

Aramco’s senior vice president of Technology Oversight and Coordination (TOC), Ali A. Al-Meshari, said: “This collaboration is important in advancing our early stage technologies to the next phase of development, which will help create local ecosystem for accelerating technology deployment leveraging in-kingdom talent and infrastructure.”

As for Gulf Cryo Vice Chairman, Eng. Abdel Salam Al Mazro, he said that “the project will leverage the capabilities of our Center to deliver groundbreaking lower-carbon hydrogen and decarbonization solutions, tailored to the unique needs of Aramco.”

In addition to driving technological advancements in decarbonization, this collaboration supports Saudi Arabia’s strategy to enhance localization and build local capabilities. The facility is planned to be ready for commissioning by the end of 2025, the statement added.