The Minister emphasized that the measures taken in recent
months to boost domestic production and secure imports have ensured natural gas
supplies across all sectors, including petrochemical and fertilizer plants.
This has enabled them to resume full-capacity operations, meeting local demand
and supporting export growth to global markets, thereby enhancing the
competitiveness of these industries.
He added that the Ministry has succeeded in restoring the
trajectory of oil and gas production in recent months, overcoming the decline
of recent years, and that a gradual rise in output has already begun. He
stressed that the Ministry is working with all investment partners to address
challenges that could affect these vital industries, which represent a key
pillar of Egypt’s oil and gas sector.
For their part, officials from the Saudi Egyptian Investment
Company expressed their appreciation for the Ministry’s support of their
investments in Egypt, affirming their long-term strategy to invest in the oil,
gas, petrochemical, and fertilizer sectors, which they view as among the most
important fields of economic cooperation between the two countries.