Prime Minister Mostafa Madbouly held a meeting to review the procedures and steps aimed at increasing the production of petroleum products. The meeting also addressed the financial allocations needed for the oil and gas sector to ensure a stable supply of petroleum products in the upcoming period.

The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; and Ahmed Kouchouk, Minister of Finance.

At the start of the meeting, Prime Minister Madbouly explained that it was part of the ongoing discussions aimed at ensuring the necessary financial allocations for the petroleum sector. The goal is to secure and provide the country’s needs for petroleum products across various productive, developmental, and service sectors.

The meeting also included a review of the Ministry of Finance’s plan and procedures to ensure timely provision of the required financial allocations for the oil and gas sector.

The meeting also discussed the efforts of the Ministry of Petroleum and Mineral Resources (MoPMR) to increase the production capacity of both petroleum and natural gas during the coming period, in cooperation with foreign partners.

Additionally, the meeting reviewed the efforts made to intensify research and exploration operations, and the incentives provided in this regard that would contribute to attracting more investments and maximizing the investment opportunities available in this promising sector.