This evening, Dr. Mostafa Madbouly, Prime Minister, held a meeting to follow up on efforts to provide a stock of fuel reserves to ensure the sustainability of energy security for citizens and various productive sectors, in the presence of Hassan Abdullah, Governor of the Central Bank, Engineer Mahmoud Esmat, Minister of Electricity and Renewable Energy, Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, Yasser Sobhi, Deputy Minister of Finance for Financial Policies, Dr. Hashem Al-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, as well as a number of officials. Ministries and concerned authorities.
The meeting discussed the position of providing petroleum products during the coming period, ensuring that the needs of citizens are met, as well as the requirements for operating power stations, as well as the needs of the production sector for petroleum products, within the framework of the government’s keenness to secure the necessary energy supplies to support economic activity.
The meeting also witnessed a follow-up on the position of managing the financial needs required to provide petroleum products and production requirements, in a way that contributes to supporting the activities of all productive sectors.
The meeting also reviewed the executive position of a number of electrical projects being implemented, and the efforts made to support the capabilities of the electrical network and improve the efficiency of the energy system, including projects to produce electricity from renewable sources.
The meeting also discussed developments in the government IPO program with regard to petroleum sector companies, where the steps and procedures for these IPOs were followed, as part of the government’s plan to regovern and restructure a number of state-owned companies in various sectors.
