President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Resources, Karim Badawi and Minister of Electricity and Renewable Energy, Mahmoud Esmat.

During the meeting, the President was briefed on the government’s action plan to ensure the adequate supply of petroleum products to meet the needs of the electricity sector, as well as the continuous flow of gas to the national electricity grid. This will contribute to maintaining the sustainability and stability of the electricity supply nationwide and to reducing energy losses.

El-Sisi was updated on the government’s efforts to increase domestic production of petroleum resources, develop newly discovered wells, and integrate them into the national production map. Efforts to amplify research and exploration activities in Egypt’s onshore and offshore areas were also discussed, alongside developments in cooperation with partners to increase production from global companies and local investors.

The meeting also discussed the formulation of new work plans to attract more investments in the petroleum sector, given the sector’s promising opportunities in this regard.

President El-Sisi directed to boost the government’s efforts to attract investment in the energy sector, ensuring that the sector’s goals are achieved and that its role in supporting national development is maximized.

The President gave directives to the government to strengthen efforts toward developing the management and operation system of the national gas network to ensure the sustainability of supplies to the national electricity grid, as well as the industrial and services sectors.

The President stressed the need to accelerate progress in projects that are currently being implemented in the field of renewable energy in order to diversify energy supply sources, add new capacities to the electrical grid and improve the network by harnessing state-of-the-art technologies to accommodate and transmit energy with the maximum efficiency and minimal losses.