Egypt's Prime Minister Mostafa Madbouly stated that the country is prioritizing the rationalization of petroleum and electricity consumption while securing funds for energy imports to maintain national stability amid ongoing regional conflicts. Madbouly chaired a meeting with the ministers of electricity, finance, and petroleum to review measures for managing energy demand.
On Wednesday, Prime Minister Mostafa Madbouly chaired a meeting with Minister of Electricity and Renewable Energy Mahmoud Esmat, Finance Minister Ahmed Kouchouk, and Minister of Petroleum and Mineral Resources Karim Badawi to review measures for managing energy demand and mitigating the impact of regional developments on global energy markets and Egypt's economy. Madbouly said the government is monitoring the repercussions of escalating regional events around the clock, emphasizing that enhancing energy system efficiency and rationalizing consumption are top priorities to ensure economic stability and meet the needs of citizens and productive sectors. “There is coordination and integration between the relevant ministries and authorities to provide the financial resources and operational requirements for the electricity and energy sectors,” Madbouly said, adding that this aims to keep the national electricity grid running smoothly for industrial and service sectors. Esmat noted his ministry's work to improve performance indicators and economic operations while promoting a culture of rationalization, including activating inspection and quality control committees, coordinating consumption savings in public buildings, and reducing traditional fuel use. Kouchouk affirmed securing funding for vital sectors, especially energy, to deliver basic services efficiently and support petroleum and electricity efforts for energy security through a sustainable vision focused on efficiency and renewable energy expansion. Badawi highlighted meeting power plant fuel needs with natural gas and petroleum products, daily coordination to monitor supplies and build strategic reserves, and mechanisms to rationalize petroleum consumption across sectors to cut the import bill and ease foreign exchange pressure without affecting development or citizen services. Madbouly concluded by stressing daily monitoring of global energy market fluctuations to secure petroleum needs and strengthen the economy against challenges.