Tag #Oil Refineries

What are the immediate economic and geopolitical implications of the significant increase in applications for oil refinery construction in Tunisia?

Due to declining global oil demand and stricter environmental regulations in Europe and the US, approximately fifteen foreign companies have applied to build oil refineries in Tunisia within months. This is because Tunisia offers less stringent environmental rules, multiple ports, and proximity to Europe, facilitating oil import from neighboring countries and export to Europe. The influx of applications is a significant shift from the 2015 '#Winou El Petrol' campaign, highlighting a change in Tunisia's role in the global oil market.