Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia and Colombia, provides the following update on the Group's financial position, drilling activities in Morocco and the Group's activities generally.

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Olive oil production in Tunisia has increased fourfold, making it the second largest producer after Spain.

This is the first time Tunisia comes in second place in olive oil production figures, with this year’s yields estimated at 280,000 to 300,000 tons, a 400 percent increase from last year’s figure of 70,000 tons.

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Over 150 international investors are gathering in London on Tuesday in order to discuss a potential loan to Tunisia according to Tunisian news agency (TAP). The loan, which would in the form of bonds issued to the Tunisian state, would be worth at least $500 million US dollars.

“It is hoped that the loan would come with an interest rate of 6% or less”. Tunisian finance minister Hakim Ben Hammouda said in an interview with Express FM. The minister was keen to highlight that the loan would be the first of its kind for Tunisia since 2007 – that is, without conditions set...

Many Tunisia-based insurers and reinsurers, including Assurances Salim, Societe Tunisienne de Reassurance and Societe Tunisienne d'Assurances et de Reassurances S.A., have posted increased revenues in 2014, Asia Insurance Review reported.

Tunis Re's turnover increased 8.6% year on year to 93.29 million Tunisian dinars ($48.1 million) and gross nonlife premium income"...