Prime Minister Mostafa Madbouly reviewed measures to strengthen Egypt’s energy security and financial stability during a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources, and Ahmed Kouchouk, Minister of Finance, according to a statement by the Cabinet.

The meeting covered securing petroleum product supplies, expanding strategic reserves, boosting domestic production, and managing financial obligations between the petroleum sector and the state treasury.

Madbouly stressed the need to maintain safe and sustainable petroleum stocks while supporting domestic production amid geopolitical challenges and market uncertainty.

He said the government is adopting flexible scenarios for proactive risk management and financial commitments to ensure stable energy supplies and meet development needs.

Badawi reviewed petroleum product supplies, storage capacity expansion, and supply flows and logistics to meet domestic demand. He also reaffirmed the continued payment of foreign partners’ arrears in petroleum and mining exploration according to agreed schedules, saying this would strengthen investor confidence, attract new investments, and support drilling programs to increase domestic oil and gas production.

Kouchouk outlined measures to settle financial interconnections and improve account management between the petroleum sector and the state treasury, supporting asset efficiency and fiscal sustainability, while coordinating to secure the country’s petroleum product needs.

Egypt’s petroleum sector has returned to growth, supported by increased drilling and the settlement of foreign partners’ arrears. Crude oil production exceeded 540,000 barrels per day (bbl/d) in June 2026, while the government fully settled partners’ arrears, which had reached about $6.1 billion in 2024, boosting investor confidence and exploration activity.