Prime Minister Mostafa Madbouly reviewed on Wednesday developments in oil and gas production, strategic petroleum reserves and future supplies, stressing the importance of maintaining market stability and ensuring the continued availability of petroleum products for productive and service sectors.
During the weekly Cabinet meeting at the New Capital, Madbouly said President Abdel Fattah El-Sisi had directed the provision of necessary incentives to foreign partners to expand exploration and development activities, increase production and overcome obstacles facing work programmes.
He added that the government is translating petroleum-sector objectives into executive programmes and measurable indicators to maximise the added value of mineral resources and their contribution to the national economy.
The prime minister also highlighted President Sisi’s meeting with Eni’s CEO, during which the company’s activities and future plans were reviewed, including intensified exploration and development drilling in 2026-27.
He stressed the importance of expanding production, strengthening regional integration and consolidating Egypt’s position as a hub for gas trading, liquefaction and exports.
Madbouly also affirmed that the government will implement presidential directives on market monitoring, expanding government outlets and establishing at least one outlet in every city to provide basic commodities at affordable prices.
He noted that a comprehensive report on state achievements, expenditure and results will be presented to the public in October.
The meeting covered preparations for the 2026/27 academic year, affordable school-supply exhibitions, controlling school expenses, improving university education and hospital services, and developing students’ skills.
