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hopefully ADX will be able to develop the Chorbane permit with...

  1. KOKO
    1,358 Posts.
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    16/05/12
    15:33
    Post #: 10183545
    hopefully ADX will be able to develop the Chorbane permit with mutiple wells and connect up to the new oil refinery which is only 50 km from SD in the future.

    12/05/2012

    The first private oil refinery in Tunisia is to be built this year.


    Minister of Industry Mohamed Lamine Chakhari said on Thursday that “the work of building a new oil refinery project will start in late 2012. In addition, we expect the completion of the agreement on this project to begin on Sunday.”



    This is only the second refinery in Tunisia after the Bizerte refinery, which is state-owned. According to the Ministry of Industry, this refinery is to be built in the region of Skhira, 60 km from Sfax, with an initial refining capacity of 120,000 barrels per day before it is to be increased to 250,000 barrels per day. The project not only includes the refinery, but processing units, storage, and office buildings as well.

    ADX Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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