Tunisia's Ministry of Industry, Mines and Energy has stated that there are currently no plans to list the country's oil pipeline company, Trapsa, on the stock exchange. The ministry emphasized that this option is not being considered due to the company's strategic nature and the need to maintain public service continuity and supply security. This response was given to a written question from MP Fatma Masdi regarding the company's activities, governance, and impact on national energy and financial security.
Trapsa is governed by the 1958 Tunisian-French agreement and 1985 Law No. 111, classifying it as a public establishment of type "A". The company's main activities include transporting, storing, and loading crude oil, as well as providing petroleum and maritime services. Its operations are based on several agreements and contracts related to transporting, storing, and loading petroleum products, and are subject to regularly reviewed tariffs.
The company's activities are subject to periodic reviews, with tariffs adjusted annually or every three years, depending on economic indicators and operating costs. In recent years, several contracts have been updated to improve operating conditions and enhance operational efficiency. The ministry highlighted that these efforts aim to improve the company's performance while maintaining its strategic role in the country's energy sector.
The Ministry of Industry, Mines and Energy outlined several upcoming projects for Trapsa as part of the 2026-2030 development plan. These projects include upgrading and modernizing the company's petroleum infrastructure, such as pipeline maintenance, storage equipment renovation, and construction of new basins with capacities of 35,000 and 5,000 cubic meters.
In addition to these projects, the ministry is working to modernize Trapsa's transportation and storage systems, enhance governance and control mechanisms, and implement digitalization and preventive maintenance. The goal is to improve the company's efficiency, increase storage capacity, and expand maritime services. The ministry emphasized that Trapsa is subject to oversight by relevant public control structures.
The company's strategic importance and the need to ensure continuity of public services were cited as reasons for not considering a stock exchange listing at present. The ministry's response highlights the government's focus on maintaining control over strategic sectors such as energy, while also working to improve the efficiency and performance of key public companies like Trapsa.
Moving forward, Trapsa's development plans will focus on upgrading infrastructure, improving operational efficiency, and enhancing safety and environmental protection measures. The company's role in Tunisia's energy sector is expected to continue, with a focus on ensuring a stable and secure energy supply for the country.
Key points
- No plans to list Trapsa on stock exchange due to strategic nature and need for public service continuity.
- Trapsa to upgrade infrastructure and improve operational efficiency under 2026-2030 development plan.
- Company's activities subject to oversight by public control structures.
