{"id":635152,"date":"2024-07-24T00:00:00","date_gmt":"2024-07-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/"},"modified":"2024-07-24T00:00:00","modified_gmt":"2024-07-24T00:00:00","slug":"eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/","title":{"rendered":"Eni to ramp up EastMed gas exports through Egypt\u2019s facilities"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, folks. <\/strong>The news lull continues today as everyone (including us) is already in the long-weekend mode.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Eni agrees to export EastMed gas through Egyptian facilities: <\/strong>Eni officials discussed with Oil Minister Karim Badawi leveraging Egypt\u2019s poision as a regional energy hub to export gas produced from Eni\u2019s fields in the whole Eastern Mediterranean region through the Egyptian facilities, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02gtTyfgauAjmxLK9sbwFeKkPx7FuWpvqEps2QoG7BovktTqHn1dgBAetJEzhpB6r6l\" style=\"\" rel=\"noopener\">ministry readout<\/a>. The Italian energy giant also agreed to ramp up its exploration and development activities and increase the number of operational rigs in its concessions in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprisenewsmena.activehosted.com\/f\/1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/261.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kamala\u2019s campaign continues, positioning herself as the Democratic Party\u2019s best shot <\/strong><strong>against Trump.<\/strong> US Presidential nominee Kamala Harris has hit the ground running to convince voters and the Democratic Party that her presidency represents the future of America. Harris has promised to focus on \u201cbuilding up the middle class,\u201d extending health care, and building the foundations of social programs that offset economic challenges that remain at the forefront of voters\u2019 concerns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since US President Joe Biden\u2019s abdication on Sunday, Harris has managed to garner <\/strong><strong>support from most major Democrats, raising USD 100 mn in the process.<\/strong> She has been framing herself as a \u201cprosecutor running against a felon\u201d, recounting her history of incarcerating people who have committed the same transgressions as Republican candidate Donald Trump. Trump is set to resume his campaign trail today, though the goalposts have shifted entirely since his time on the road as he faces an objectively stronger nominee. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-23\/harris-vows-to-put-my-record-against-trump-s-in-first-rally?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/07\/24\/politics\/donald-trump-rally-north-carolina\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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 target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>The retail tranche of Act Financial\u2019s IPO was 54.8x covered<\/strong>, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d5c99b6-2d0a-4923-9bbc-6dc4ef74f1cc\/the-retail-tranche-of-act-financial%25e2%2580%2599s-ipo-was-54.8x-oversubscribed\" style=\"\" rel=\"noopener\">investors<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d5c99b6-2d0a-4923-9bbc-6dc4ef74f1cc\/the-retail-tranche-of-act-financial%25e2%2580%2599s-ipo-was-54.8x-oversubscribed\" style=\"\" rel=\"noopener\">subscribing to 3.3 bn shares<\/a> \u2014 worth some EGP 9.5 bn \u2014 by the end of their subscription period yesterday.<\/li>\n<li><strong>Where does the long-awaited tax policy stand? <\/strong>The Finance Ministry is in the process of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/12788a5c-65f4-49bf-8f7a-5525080814b7\/following-up-on-egypt%25e2%2580%2599s-long-awaited-tax-policy\" style=\"\" rel=\"noopener\">updating its tax policy<\/a> framework so that it is more attractive to potential investors.<\/li>\n<li><strong>No more converting green areas into commercial areas:<\/strong> Prime Minister Moustafa Madbouly has directed Egypt\u2019s governors to refrain from turning existing green areas into commercial areas<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Mercury is peaking with a high of 39\u00b0C simmering to a moderate low of 26\u00b0C by night, according to our favorite weather app. And it\u2019s much cooler in Sahel and Alexandria with a high of 31-33\u00b0C and a low of 25\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 from Eni\u2019s fields in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":635153,"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":[93,197,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-energy","tag-eni","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"01c1ce32-9c2e-43f1-97b7-bafe27152dba","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/6\/1753.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[635150],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.2bcfb2c5-198e-4016-bc1c-ba497cf3febb.mp3"},"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>Eni to ramp up EastMed gas exports through Egypt\u2019s facilities - 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\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eni to ramp up EastMed gas exports through Egypt\u2019s facilities\" \/>\n<meta property=\"og:description\" content=\"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 from Eni\u2019s fields in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1753.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Eni to ramp up EastMed gas exports through Egypt\u2019s facilities\",\"datePublished\":\"2024-07-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\"},\"wordCount\":435,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1753.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"Eni\",\"EnterprisePM\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/24\/eni-to-ramp-up-eastmed-gas-exports-through-egypts-facilities\/\",\"name\":\"Eni to ramp up EastMed gas exports through Egypt\u2019s facilities - 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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\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\/2023\/1\/657.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":635152,"position":2},"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":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":635152,"position":3},"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":[]},{"id":574670,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/eni-bp-make-new-gas-discovery-in-nile-delta\/","url_meta":{"origin":635152,"position":4},"title":"Eni, BP make new gas discovery in Nile Delta","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"Eni, BP announce new gas discovery in EastMed: Eni and BP have made a new gas discovery in the offshore \u201cGreat Nooros Area\u201d surrounding Eni\u2019s Nooros field in the Nile Delta, the Italian oil giant announced in a statement. Eni, which operates the Abu Madi West Development Lease, and contractor\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578826,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/16\/chevron-eni-announce-significant-eastmed-gas-find\/","url_meta":{"origin":635152,"position":5},"title":"Chevron + Eni announce \u201csignificant\u201d EastMed gas find","author":"enterpriseam admin","date":"16 January 2023","format":false,"excerpt":"Chevron and Eni have made a \u201csignificant\u201d gas discovery in the Eastern Mediterranean, the companies announced in separate statements yesterday (here andhere, pdf). 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