After meeting with President Ben Ali:
British Gas Chairman emphasizes “outstanding investment environment” offered by Tunisia
Tunis , June 20, 2007 (TunisiaOnline)--The investment projects of British Gas in Tunisia were the focus of discussion during a meeting this morning between President Zine El Abidine Ben Ali and BG 's chairman, Mr Robert Wilson.
In a departure statement, Mr Wilson said he was delighted to have had the opportunity of meeting with President Ben Ali and updating him on the progress the BG Group has made on its projects in Tunisia .
BG Chairman said his company has made commitments for capital expenditure programs of about 1.3 billion dollars. He added, “this is a very major investment commitment by our group in terms of extension of life of existing assets of Miskar and our joint venture project with ETAP in the development of the Hasdrubal project.”
ETAP is Tunisia 's state petroleum company.
Mr Wilson further said: “This major investment is a reflection of my company's belief that Tunisia offers an outstanding investment environment. The terms of foreign investment, the rule of law .. are very very clear.” He pointed out that “the government, whether at the national or at the local level, has been extremely supportive and helpful in facilitating very aspect of our project...” This, he emphasized, “establishes a very firm relationship of partnership between us and our hosts”.
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