Long Petrol Queues Frustrate Tunisians

 Cars queue for fuel at a gas station in Tunis, Tunisia October 11, 2022. REUTERS/Jihed Abidellaoui
Cars queue for fuel at a gas station in Tunis, Tunisia October 11, 2022. REUTERS/Jihed Abidellaoui
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Long Petrol Queues Frustrate Tunisians

 Cars queue for fuel at a gas station in Tunis, Tunisia October 11, 2022. REUTERS/Jihed Abidellaoui
Cars queue for fuel at a gas station in Tunis, Tunisia October 11, 2022. REUTERS/Jihed Abidellaoui

Frustrated motorists queued in long lines outside Tunisian petrol stations on Tuesday even after the energy minister had said a shortage would end on Monday with a new delivery of fuel.

Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to lines of cars stretching kilometers in some places, causing bad traffic in Tunisian cities.

Mohamed Neji, who had been waiting for an hour and a half in the Ariana district of Tunis, told Reuters he didn’t go to work on Tuesday.

“We’ve become like refugees in our own country,” he added, alluding to other shortages that have struck Tunisia in recent weeks including flour, sugar, butter, milk and cooking oil.

Tunisia faces a crisis in public finances. The influential labor union, which has branches in government and national supply sectors, says the state has struggled to pay for imports of goods that it sells at subsidized rates.

President Kais Saied, who moved to rule by decree after shutting down parliament last year and expanding his powers with a new constitution, has blamed hoarders and speculators for goods shortages.

Tunisia hopes soon to finalize a staff-level agreement with the International Monetary Fund for a rescue program that could also unlock billions of dollars in bilateral support from other countries.

However, it is not clear if it can push through the reforms that the IMF wants, including reductions in subsidies that are opposed by the labor union.

Tunisia’s petroleum reserves are sufficient for one week, down from the usual 60 days of strategic reserves, said Salouan Smiri, a senior official in the oil section of the UGTT union.

Near petrol stations in Tunis on Tuesday there was furious honking from cars as lines of waiting motorists blocked traffic lanes, with vehicles crammed into the spaces around.

Cars at many petrol stations were only allowed to fill up to 30 dinars ($9) worth of petrol, or about 13 liters. At some, petrol station workers were distributing petrol from plastic bottles to ease congestion at the pumps.

“I waited my turn for two hours. It’s a nightmare we live every day. I no longer have confidence in the state. It’s bankrupt, but they in government keep telling us everything is available,” said Zara, a woman waiting in Ariana.



China's May Fuel Oil Exports Rise 42% Year-on-year

An attendant holds a petrol nozzle after refuelling a car at a PetroChina gas station in Beijing, China, March 10, 2026. REUTERS/Florence Lo
An attendant holds a petrol nozzle after refuelling a car at a PetroChina gas station in Beijing, China, March 10, 2026. REUTERS/Florence Lo
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China's May Fuel Oil Exports Rise 42% Year-on-year

An attendant holds a petrol nozzle after refuelling a car at a PetroChina gas station in Beijing, China, March 10, 2026. REUTERS/Florence Lo
An attendant holds a petrol nozzle after refuelling a car at a PetroChina gas station in Beijing, China, March 10, 2026. REUTERS/Florence Lo

China's exports of fuel oil, mainly for low-sulphur marine fuel bunkering, rose 42% year-on-year in May, customs data showed on Saturday.

Volumes totaled 1.76 million metric tons, or about 360,695 barrels per day (bpd), up 4% from April, according to General Administration of Customs data.

Some marine fuel demand had been diverted from regional hub Singapore to China's Zhoushan due to cheaper prices at Chinese ports during most of ⁠May, market sources ⁠said.

Fuel oil imports in May extended declines after plummeting last month to what was then the lowest level since customs data for them began in 2021.

Imports of fuel oil totaled 559,346 tons ⁠in May, down 43% from April and 57% from a year earlier.

The imports, mostly purchased by refineries for use as feedstock, remained capped this quarter as China's independent refineries trimmed runs amid weak domestic demand for products, market sources said, according to Reuters.


Saudi Arabia Expands Investment Prospects in Military Industries

The Saudi pavilion reinforced the Kingdom’s position as a leading investment destination in the military industry sector. (Asharq Al-Awsat)
The Saudi pavilion reinforced the Kingdom’s position as a leading investment destination in the military industry sector. (Asharq Al-Awsat)
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Saudi Arabia Expands Investment Prospects in Military Industries

The Saudi pavilion reinforced the Kingdom’s position as a leading investment destination in the military industry sector. (Asharq Al-Awsat)
The Saudi pavilion reinforced the Kingdom’s position as a leading investment destination in the military industry sector. (Asharq Al-Awsat)

Saudi Arabia used the Eurosatory 2026 defense and security show to open new investment horizons, showcasing promising opportunities and a regulatory environment designed to attract capital.

The participation helped sharpen the appeal of the Kingdom’s military industries and drew the attention of major global companies seeking strategic partnerships that support Saudi localization targets.

The Saudi pavilion, held at the Paris exhibition from June 15 to 19, reinforced the Kingdom’s position as a leading investment destination in the military industry sector.

Organized by the General Authority for Military Industries (GAMI), the pavilion brought together 10 government and private entities alongside the authority.

The participation underlined Saudi Arabia’s welcome to investors from around the world seeking opportunities in the military industries sector. It also highlighted the Kingdom’s efforts to localize more than 50% of military spending by 2030.

On the sidelines of the exhibition, GAMI Governor Ahmad Al-Ohali met Patrick Pailloux, French Director General for Armament (DGA), as well as representatives of major global defense companies.

The meetings focused on ways to strengthen cooperation in military industries and exchange expertise, supporting the development of a sustainable sector, improving the readiness of military equipment, boosting self-sufficiency and contributing to the national economy.

The Saudi participation also saw the signing of several agreements and memorandums of understanding, part of GAMI’s efforts to develop military industries, strengthen supply chains and enable strategic partnerships.

The authority organized a workshop titled “Developing Supply Chains in Military Industries,” which discussed how an attractive investment environment for local and international investors can help build a diversified and prosperous economy in the sector.

The pavilion showcased the integration of government efforts, national industrial and service capabilities, and the innovative technologies presented by participating Saudi companies. It also highlighted the country’s attractive investment environment and the rapid growth of its military industries sector.

The sector’s contribution to GDP rose from 2.2 billion riyals, or about $587 million, in 2021 to 6.6 billion riyals, or about $1.76 billion, in 2024. The localization rate of military spending also climbed to nearly 25% in 2024, as the Kingdom works toward localizing more than 50% of military spending by 2030.

GAMI said the Saudi pavilion’s participation strengthened the Kingdom’s position as a trusted international partner, expanded its network of relations with major global companies and enabled national firms to showcase their capabilities while exploring opportunities for growth and expansion in global markets.


Iraq Raises Southern Oil Output to 1.75 Million bpd

Technicians working at the Majnoon oil field in Basra, Iraq. (Reuters)
Technicians working at the Majnoon oil field in Basra, Iraq. (Reuters)
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Iraq Raises Southern Oil Output to 1.75 Million bpd

Technicians working at the Majnoon oil field in Basra, Iraq. (Reuters)
Technicians working at the Majnoon oil field in Basra, Iraq. (Reuters)

Iraq has increased crude oil production from its southern fields by 250,000 barrels per day to around 1.75 million barrels per day as more tankers load crude from the country's ports, Iraqi oil officials told Reuters on Friday, Reuters reported.

 

The officials said Iraq plans to raise production further to two million barrels per day in the coming few days.

 

Iraq, like other Gulf oil producers, has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait of Hormuz amid the US-Iran War.