Egyptian Prime Minister Mostafa Madbouly has directed the prompt payment and settlement of outstanding dues owed to the Ministry of Petroleum and Mineral Resources (MoPMR) and the Ministry of Electricity and Renewable Energy by various government entities, as both sectors face mounting financial obligations amid rising global energy prices.

Madbouly’s statement came during a meeting held to review the status of outstanding financial obligations between government entities and discuss coordination mechanisms to resolve these financial entanglements, according to a statement by the Cabinet. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources, and Mahmoud Esmat, Minister of Electricity and Renewable Energy.

The settlement aims to support the operational and financial efficiency of the petroleum and electricity sectors while ensuring the continuity and security of energy supplies to production and service sectors.