Egyptian PM chairs meeting on fuel security, strategic stockpiles

Egypt's Prime Minister Mostafa Madbouly convened finance and petroleum ministry officials Tuesday to follow up on energy security and securing national fuel supplies.

• Madbouly said the government is balancing a safe strategic fuel stockpile with boosting local production amid geopolitical challenges and uncertainty.
• Petroleum Minister Karim Badawi reviewed supply status, storage-capacity expansion, and logistics contracts to meet domestic market needs.
• Badawi confirmed sustained payment of foreign exploration partners' dues to encourage new investment and drilling that raises local gas and crude output.
• Finance Minister Ahmed Kouchouk presented measures to settle financial entanglements and govern inter-accounts between the petroleum sector and the state treasury.