Page 36 - Issue 64
P. 36
Vol.1 Issue 64 ÉLITE
The new Egyptian cabinet is currently "Providing the necessary fuel to operate
facing a set of complex challenges that are electricity stations and thus making it
supposed to be addressed by the new available to citizens and companies
expertise that Dr Madbouly has recently operating in Egypt is one of the
appointed, as President Abdel Fattah Al- priorities the ministry will work on,"
Sisi mentioned. Minister Karim Badawi said.
According to Prime Minister Madbouly, Badawi also emphasized that his
the new government's program focuses on ministry will mainly concentrate its
various dilemmas Egypt is facing efforts on increasing oil and gas
including, the Gaza war on Egypt's production and discoveries and
Title pumping modern technologies to
borders, the daily electricity cuts, lowering
inflation, boosting investment, enhancing develop discoveries and obtain new
name- Level-major
the education quality, high debts, and fields in the Mediterranean, the
improving the overall well-being of the Western Desert, and throughout the
egyptians. country.
As Dr Madbouly promised to tackle the Despite those promises made by
frequent power outages, Egypt's most Madbouly and Karim Badawi, Egypt
prominent challenge, that stems from gas gas output at BP's Raven, the country's
and oil shortage by the end of 2024, Dr. number two top producer of gas, keeps
Madbouly appointed Karim Badawi, a getting worse to reach below 5bn for
manager at oil services firm Schlumberger the first time since early 2017, and the
in Egypt and the Eastern Mediterranean, lowest in more than seven years,
the minister of Petroleum and Mineral according to MEES.
Resources.
July 2024, p.36
