The Tunisian Enterprise of Petroleum Activities will receive a non sovereign USD 150 million loan from the African Development Bank to develop the Hasdrubal oil and gas field in the gulf of Gabes.

ETAP and partner British Gas plan to use the funds to build 6 horizontal production wells, platforms for offshore production, an onshore LNG processing plant and both onshore and underwater pipelines.

(Sourced from Magharebia.com)