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PM reviews strategic petroleum reserves, foreign partner payments

Businessmen Team news 30 November 2025 08:20 PM
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PM reviews strategic petroleum reserves, foreign partner payments

Prime Minister Dr. Moustafa Madbouly held a meeting today to follow up on the availability of strategic reserves of petroleum products. The meeting was attended by Hassan Abdullah, Governor of the Central Bank; Ahmed Kouchouk, Minister of Finance; and Karim Badawi, Minister of Petroleum and Mineral Resources.

Cabinet Spokesman Counselor Mohamed El‑Homsani stated that the meeting emphasized the government’s commitment to maintaining strategic reserves of petroleum products at safe levels. This ensures market stability and the continuous availability of these essential products for all productive and service sectors, as well as for citizens’ use.

El‑Homsani added that the Minister of Petroleum and Mineral Resources presented a comprehensive overview of the available quantities of various petroleum products. He also outlined the future plan for their supply and reviewed the status of payments to foreign partners in the petroleum sector.

The spokesperson noted that the Governor of the Central Bank confirmed the availability of the necessary dollar component to implement the supply plan. He affirmed the state’s commitment to settling payments to foreign partners on schedule, reflecting the stability of the sector’s financial and economic policies.

He stated that the Minister of Finance confirmed the provision of all financial requirements for the petroleum sector. He noted that this ensures the continuation of the current abundance of petroleum products at safe levels. He added that it guarantees meeting the needs of both households and companies and maintains the stability of the local market.