According to the Energy Situation Observatory, the deficit in the energy trade balance grew from 1,788 MTD at the ending of February 2023 to 1,878 MTD at the end of February 2024, representing an upsurge of 5% (taking into account the royalty on Algerian gas exports).
Exports of energy products registered an increase in value of 19% accompanied by an increase in imports in value of 8%.
Between the end of February 2024 and the end of February 2023, the average price of Brent recorded a slight decline of 0.6%: $82.1/bbl compared to $83.6/bbl.
Imports of petroleum products at the end of February 2024 increased compared to the end of February 2023 by 7% in value.
A reduction in crude oil imports in quantity and value was documented at the end of February 2024 compared to the end of February 2023.
This was accompanied by an increase in exports of petroleum products in quantity of more than 150% and 149% in value (stoppage of the STIR Platforming unit during January and February 2024).
Remark that the quantities imported/exported vary from one month to another depending on the necessities of the national market, which can impact the average.
What's happening in Tunisia?
Subscribe to our Youtube channel for updates.
