{"id":689550,"date":"2026-03-24T00:00:00","date_gmt":"2026-03-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=689550"},"modified":"2026-03-24T13:22:04","modified_gmt":"2026-03-24T13:22:04","slug":"oil-ministry-targets-gas-output-hike","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/24\/oil-ministry-targets-gas-output-hike\/","title":{"rendered":"Oil Ministry targets gas output hike"},"content":{"rendered":"

Good afternoon, friends, and welcome back to the daily grind.<\/strong> The bad news is that Eid is over \u2014 the good news? The weekend is already in sight. Easing back into our pre-Ramadan routines will take some time, so we\u2019ve kept things light and brisk this afternoon. Today, we\u2019re recommending your next midday office meal, making a case for workplace gossip, and more.<\/p>\n

\n

THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd The Oil Ministry is targeting an addition of around 1 bcf\/d to <\/strong>gas production by the <\/strong>end of summer<\/strong>, a government source tells EnterpriseAM. The exploration push includes drilling 101 exploratory wells \u2014 part of a 480-well push backed by some USD 5 bn \u2014 to ramp up domestic production. The Ministry is amending concession agreements, revising production-sharing mechanisms, and rolling out more incentives to attract further investments in the sector.<\/p>\n

^^ We\u2019ll have more on this story in tomorrow\u2019s edition of EnterpriseAM.<\/p>\n

\n

THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 It\u2019s an unsurprisingly busy afternoon in the global press, with the latest <\/strong>developments in the region dominating the digital front pages.<\/strong> Following Iran\u2019s dispute of US President Donald Trump\u2019s claim that Tehran and Washington held talks over the weekend, the White House maintains that discussions remain \u201cfluid.\u201d Meanwhile, doubts are growing over the extent of efforts to end the war as Israel continues to strike Iran and Lebanon. The oil supply crisis persists, sending prices back above the USD 100 mark after a 10% drop on Monday \u2014 Brent is currently trading near USD 103 as of the time of publication. Gold prices steadied after an earlier drop, recovering to USD 4.4k per ounce.<\/p>\n

^^Read more on: BBC<\/a>, CNN<\/a>, CNBC<\/a>, and Reuters<\/a>.<\/p>\n

IN THE BUSINESS PRESS-<\/strong> US cosmetics giant Est\u00e9e Lauder is in talks with Spanish beauty group Puig over a merger that would combine two of the world\u2019s biggest beauty players, creating some USD 20 bn in annual revenue. Puig\u2019s stock soared today, jumping as much as 15% after Est\u00e9e Lauder confirmed the discussions.<\/p>\n

^^Read more on: Bloomberg<\/a>, CNBC<\/a>, and the The Wall Street Journal<\/a>.<\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n