Egypt’s PM orders swift settlement of government dues to energy ministries

Egyptian Prime Minister Moustafa Madbouly has on Sunday ordered the swift settlement of outstanding dues owed to the petroleum and electricity ministries by various government entities, as the two sectors face mounting financial obligations amid higher global energy prices.

Madbouly issued the directive at a meeting to review outstanding payments and discuss ways to resolve financial entanglements between government bodies.

The meeting examined the current status of dues owed to the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy by various ministries and government entities, as well as the coordination mechanisms for settling these obligations.

Madbouly called for accelerating the payment and settlement of the outstanding amounts, citing the growing burdens and obligations facing the two ministries amid higher global energy prices.

The move aims to support the financial and operational efficiency of the petroleum and electricity sectors and ensure the regularity and security of energy supplies to all productive and service sectors, while maintaining the sustainable provision of services to citizens, the government statement said.

The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Eissa, Finance Minister Ahmed Kouchouk, Petroleum Minister Karim Badawi, Electricity and Renewable Energy Minister Mahmoud Esmat, Local Development and Environment Minister Manal Awad, and Housing Minister Randa El-Menshawy.