2 Days
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بوابة الشروق
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Petroleum Minister highlights dues as confidence booster
A main session was held with the Prime Minister and the Egyptian Minister of Petroleum, during which efforts in the natural gas and petroleum sectors were discussed. The Minister confirmed that the country has made progress in maintaining regular gas supplies to support the electricity and industry sectors during the summer season. He pointed out that settling outstanding payments to partners in June 2026 was an important step to boost confidence and attract new investments in exploration and production. Additionally, the government's priority is to expand natural gas production, especially from the Zohr and West Mena fields, with the goal of increasing production by up to 250 million cubic feet per day by the end of the year. Improvements are also being made to the infrastructure of refining and distribution networks, which has led to increased efficiency of refineries, higher local production of gasoline and diesel, and a reduction in import bills. There was also a focus on extending gas supply to households, with connections reaching 804,000 units during the fiscal year 2025/2026, aiming to reduce dependence on propane cylinders.
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