Egypt targets higher petroleum output, stronger supply security

AI Summary

Egypt’s petroleum minister said the government is prioritizing higher domestic production and reliable supplies of petroleum products. The plan involves more efficient supply management by the Egyptian General Petroleum Corporation and better use of existing production capacity.

Minister of Petroleum and Mineral Resources Karim Badawi said increasing local production and securing supplies of petroleum products are top priorities, stressing the role of the Egyptian General Petroleum Corporation (EGPC) in efficiently managing the supply system through integration among its sectors, monitoring the performance of companies, and maximising the use of existing production. Badawi […]