Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda

Sherif Ismail Meets with Industry Heads, Outlines Reformist Agenda

Sherif Ismail, Minister of Petroleum and Mineral Resources, met yesterday with the First Undersecretary of the Ministry as well as other oil sector heads to determine the course they would take in this current stage, announced the ministry in a press release.

He called for a focus on the economics of projects, sticking to schedules, and quality management, placing the welfare of the state ahead of that of the individual.

He also reiterated that the state-owned oil companies must play a critical role in national projects alongside the construction and real estate sectors, adding that problem-solving with an eye towards reform was the priority for the coming period.

He also underlined the important of rationalizing expenditures, with periodic maintenance and best utilizing existing assets.

The Minister of Petroleum also held a meeting to look into preparations for the provision of butane during the coming winter. These measures include the receiving LPG at ports, removing bottlenecks in the domestic market for cooking gas, expanding the storage capacity at depots, reviewing the contracts for LPG shipments during the months of winter, and projects to expand domestic production of LPG.

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