PM made certain strategic stocks of petroleum products 'sufficient'

CAIRO - 19 August 2020: Prime Minister Mostafa Madbouli has been made certain that the strategic stocks of petroleum products are safe and sufficient to meet the local market demand.

This came at a meeting with Petroleum and Mineral Resources Minister Tarek el Molla to follow up a number of files and make sure that the strategic stocks of petroleum products are within safe levels.

During the meeting, Madbouli followed up the latest developments related to projects that are currently being implemented in cooperation with major petroleum companies that in turn will have a positive impact on the Egyptian economy.

For his part, the petroleum minister posted the premier on progress made so far in implementing a petrochemical project in El-Alamein City in Marsa Matrouh governorate.

He underlined that the project will contribute to securing specialized petroleum and petrochemical products, adding that the project's production will be used to meet part of the local market's needs.