{"id":580696,"date":"2023-01-15T13:16:31","date_gmt":"2023-01-15T13:16:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/"},"modified":"2023-01-15T13:16:31","modified_gmt":"2023-01-15T13:16:31","slug":"this-evening-eni-strikes-gas-in-eastmed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/","title":{"rendered":"THIS EVENING: Eni strikes gas in EastMed"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people.<\/strong> We have a (so-far) slow start to the week, but we\u2019re expecting the pace to pick up significantly as everyone shakes off the weekend grogginess.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Eni strikes gas in EastMed:<\/strong> Italy\u2019s Eni has made a new gas discovery in its Nargis-1 offshore exploration well in the Eastern Mediterranean, <a href=\"https:\/\/www.reuters.com\/business\/energy\/eni-announces-new-gas-discovery-offshore-egypt-2023-01-15\/\">Reuters<\/a> reports. The well is in the Nargis concession area, in which Eni and Chevron each have a 45% stake, with Chevron acting as the concession\u2019s main operator.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>There isn\u2019t one single story driving the conversation in the global business press this<\/strong><strong> afternoon, but a major plane crash in Nepal is making the rounds.<\/strong> A jet operated by Nepal-based Yeti Airlines carrying 72 people crashed in Nepal today, with at least 68 found dead so far. The story is getting front-page play on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-15\/plane-crashes-in-nepal-with-72-people-on-board-afp-says?srnd=premium-middle-east&leadSource=uverify wall\">Bloomberg<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/plane-carrying-72-people-crashes-nepal-some-bodies-recovered-official-state-tv-2023-01-15\/\">Reuters<\/a>, and <a href=\"https:\/\/www.cnbc.com\/2023\/01\/15\/at-least-16-killed-in-nepals-worst-air-crash-in-30-years.html\">CNBC<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Foreign investors are starting to come back into the market:<\/strong> Hundreds of mns of USD <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c85389d-7518-4a11-859a-9d60913c0b69\">have changed hands<\/a> in the interbank market since Wednesday morning, when the central bank allowed the EGP to weaken past 32.00 \/ USD for the first time ever.<\/li>\n<li><strong>The Sovereign Fund of Egypt (SFE) <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/39b38d90-ccca-4a8f-8625-6aa2e0185967\">has added<\/a><\/strong><strong> five state- and military-owned companies to its pre-IPO fund<\/strong> as the government gears up to restart its privatization program.<\/li>\n<li><strong>All eyes on Capricorn next month:<\/strong> London-listed Capricorn Energy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b97e663-eeeb-40ff-8ca9-8481592889c8\">plans to hold<\/a> a vote on its merger with Israel\u2019s NewMed on Wednesday 1 February, the same day that shareholders will vote on a motion to overthrow the board called by activist investor Palliser Capital.<\/li>\n<\/ul>\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block;\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p><strong>In today\u2019s issue:<\/strong> After a difficult 2022 for manufacturers \u2014 with headwinds including inflation and raw material shortages \u2014 we speak to industry insiders about their outlook for the year ahead.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>Tourism Minister Ahmed Issa is making an appearance at AmCham\u2019s monthly luncheon <\/strong><strong>tomorrow<\/strong>, where he will speak on the government\u2019s strategy to develop Egypt\u2019s tourism industry. The event will be held at the Four Seasons Nile Plaza Hotel, Plaza Ballroom, from 1:30pm.<\/p>\n<p><strong>It\u2019s <\/strong><strong><a href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2023\/\">Davos<\/a><\/strong><strong> time:<\/strong> The great and the good of global finance, business, politics and media will converge on the Swiss town this week to chew over the biggest challenges facing the planet. With \u201cCooperation in a Fragmented World\u201d the chosen theme for this year\u2019s event, expect discussions to be dominated by the war in Ukraine, deglobalization, and food and energy security.<\/p>\n<p>Representing Egypt at this year\u2019s event are <strong>Planning Minister Hala El Said <\/strong>and <strong>International Cooperation Minister Rania Al <\/strong><strong>Mashat<\/strong>, who will take part in a number of panel discussions over the five days.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Cairo International Book Fair kicks off next Tuesday<\/strong>, 24 January and opens up to the public on Wednesday, 25 January\u00a0at the Egypt International Exhibition Center. The fair will run through to Monday, 6 February.<\/p>\n<p>CORRECTION- An earlier version of this story incorrectly said the Cairo International Book Fair begins on Tuesday, 17 January.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>?\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>There\u2019s a 40% chance of showers tomorrow in Cairo, with a daytime high of 18\u00b0C and nighttime low of 9\u00b0C, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. We have a (so-far) slow start to the week, but we\u2019re expecting the pace to pick up significantly as everyone shakes off the weekend grogginess. THE BIG STORY TODAY Eni strikes gas in EastMed: Italy\u2019s Eni has made a new gas discovery in its Nargis-1 offshore exploration well in the Eastern [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":580697,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[197,633,91,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-eni","tag-enterprisepm","tag-oil-and-gas","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d04ae068-86dd-4bf3-806c-81b7e305e937","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/1\/657.jpg","photo_position":"above","related_issue":[580694],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Eni strikes gas in EastMed - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Eni strikes gas in EastMed\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. We have a (so-far) slow start to the week, but we\u2019re expecting the pace to pick up significantly as everyone shakes off the weekend grogginess. THE BIG STORY TODAY Eni strikes gas in EastMed: Italy\u2019s Eni has made a new gas discovery in its Nargis-1 offshore exploration well in the Eastern [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-15T13:16:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/657.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Eni strikes gas in EastMed\",\"datePublished\":\"2023-01-15T13:16:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\"},\"wordCount\":640,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/657.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Eni\",\"EnterprisePM\",\"oil and gas\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/15\/this-evening-eni-strikes-gas-in-eastmed\/\",\"name\":\"THIS EVENING: Eni strikes gas in EastMed - 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The discovery was made at their Nargis offshore block off the coast of North Sinai, in which each company holds a 45% interest, while state-owned Tharwa Petroleum\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603781,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/21\/dragon-oil-wants-a-piece-of-the-nargis-eastmed-concession\/","url_meta":{"origin":580696,"position":1},"title":"Dragon Oil wants a piece of the Nargis EastMed concession","author":"enterpriseam admin","date":"21 August 2023","format":false,"excerpt":"Dragon Oil could purchase a 20% stake in the field from the US energy giant","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/928.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606694,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/20\/chevron-to-invest-usd-3-bn-in-egypts-nargis-gas-field\/","url_meta":{"origin":580696,"position":2},"title":"Chevron to invest USD 3 bn in Egypt\u2019s Nargis gas field","author":"enterpriseam admin","date":"20 September 2023","format":false,"excerpt":"Shell acquired the North East El Amriya block from ExxonMobil in 2022","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1247.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635152,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/","url_meta":{"origin":580696,"position":3},"title":"Eni to ramp up EastMed gas exports through Egypt\u2019s facilities","author":"enterpriseam admin","date":"24 July 2024","format":false,"excerpt":"Good afternoon, folks. The news lull continues today as everyone (including us) is already in the long-weekend mode.THE BIG STORY TODAY Eni agrees to export EastMed gas through Egyptian facilities: Eni officials discussed with Oil Minister Karim Badawi leveraging Egypt\u2019s poision as a regional energy hub to export gas produced\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1753.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617115,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/17\/chevron-to-drill-first-nargis-2-gas-well-by-end-of-2024\/","url_meta":{"origin":580696,"position":4},"title":"Chevron to drill first Nargis 2 gas well by end of 2024","author":"enterpriseam admin","date":"17 March 2024","format":false,"excerpt":"Chevron will initially invest USD 60 mn in the drilling","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/916.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585473,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/19\/eni-to-drill-new-mediterranean-exploration-well-chevron-looks-to-ramp-up-east-med-exploration-reports\/","url_meta":{"origin":580696,"position":5},"title":"Eni to drill new Mediterranean exploration well + Chevron looks to ramp up East Med exploration -reports","author":"enterpriseam admin","date":"19 April 2023","format":false,"excerpt":"Eni and EGPC\u2019s Petrobel will drill the Orion X1 well at a USD 130 mn cost","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580696"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580696\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580697"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580696"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580696"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}