Government Efforts to Boost Economic Growth
In a meeting with Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdullah, Minister of Finance Ahmed Kouchouk, and Minister of Petroleum and Mineral Resources Karim Badawi, President Al-Sisi emphasized that this initiative is part of broader efforts to bolster economic development and address the needs of citizens across various sectors.

Focus on Petroleum Supply and Resource Development
The discussion highlighted the importance of ensuring a steady supply of petroleum products, particularly for critical development projects. It also addressed the need for financial support to sustain efficient sector operations. President Al-Sisi reviewed strategies to boost domestic oil and gas production by advancing the development of new wells and integrating them into the production framework. He also called for expanded exploration efforts on land and at sea to maximize the utilization of Egypt's natural resources.

Encouraging Investment and Regional Collaboration
The meeting also explored partnerships with international companies and local investors to encourage greater private sector involvement in the oil and gas industry. President Al-Sisi highlighted ongoing efforts to strengthen regional cooperation, aiming to position Egypt as a central hub for investment and collaboration in energy production.

Summary
Egypt’s decision to ensure timely financial payments and increase oil and gas exploration reflects a commitment to strengthening the sector and supporting economic growth. These measures create opportunities for strategic partnerships and investment while enhancing the country’s role as a key player in the regional energy market.

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