Egypt’s govt. pushes plan to secure petroleum for key sectors

Egypt’s Prime Minister Moustafa Madbouly affirmed that the government is moving forward with the implementation of the state’s plan to advance a number of targeted sectors, foremost among them industry and agriculture, to meet as much of the local market’s needs as possible. This comes within the framework of the policy of localising industry and providing production requirements domestically, as well as working to achieve food security. He noted that President Abdel Fattah al-Sisi is closely following up on the localisation of industry to boost production with high quality and competitive prices, in addition to the expansion of land reclamation.
In his meeting with top government officials, the Prime Minister said the government is working to provide all requirements for the industrial and agricultural sectors, given the state’s reliance on these sectors, alongside other strategic sectors that drive development. He stressed that the government is ensuring these sectors’ needs for petroleum products are met, while also seeking to continue enhancing the capacity of industrial and service sectors, in line with Egypt’s Vision 2030 to guarantee energy security as a cornerstone of sustainable development.

The meeting also discussed measures to ensure the sustainability of petroleum product supplies and reviewed the Ministry of Petroleum’s recent efforts to secure gas for the national network through increased domestic output and the regasification vessels. These efforts have supported electricity generation and factories, maintaining the continuity of production.

Officials also reviewed ongoing upgrades to gas infrastructure, including the deployment of floating regasification units that have expanded capacity and ensured steady supplies to vital sectors, particularly industry. Mechanisms to secure additional petroleum products were also presented to support sectoral growth and reinforce the performance of the national economy.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama