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El-Sissi Questions Tolerance for Reduced Load Shedding
During a discussion session at the Egypt 2026 Forum, President Abdel Fattah El-Sisi addressed the possibility of crude oil prices rising to $150 per barrel, questioning the capacity of the state and citizens to bear the repercussions of such an increase. He explained that current prices for oil and electricity are not sustainable and compel the state to sell these services below their cost, highlighting the need to identify funding sources and develop infrastructure to ensure sustainable supplies. He affirmed that implementing the energy crisis response plan since 2014 was essential to avoid risks to national security, and emphasized that the biggest challenge is securing funding to meet increasing demand and cope with global market pressures. He called on citizens to support the government's efforts during these challenging times.
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