Cabinet spokesman, Counselor Muhammad Al-Homsani, confirmed that the state has developed advance scenarios to secure its needs for food commodities, petroleum materials, and the requirements of the energy sector, in light of the rapid regional developments.
Al-Homsani explained, during a phone call on the “This Morning” program on the Extra News channel, that Prime Minister Dr. Mostafa Madbouly chaired the meeting of the Ministerial Economic Group to discuss a number of priority files, most notably the readiness of the various ministries to ensure the continued provision of basic services to citizens.
He pointed out that the meeting discussed updating scenarios and plans to deal with the repercussions of the US-Israeli military operations against Iran, in anticipation of their continuation for an extended period, ensuring the stability of economic conditions and securing the state’s needs.
He pointed out that the state has existing plans to provide goods and foodstuffs, explaining that in light of some recent developments, such as perhaps the cessation of some exports or agricultural products, quick action was taken to modernize the mechanisms for dealing with these developments, by offering fresh goods in local markets to avoid damage and prevent losses.
Al-Homsani said, “The updated plans include continuously enhancing the strategic reserve,” stressing that the Egyptian Ministry of Petroleum and Mineral Resources had prepared months ago a strategy to diversify import sources and secure the country’s energy needs.
He explained that the Ministry contracted for shipments from multiple producing countries, and provided ships to receive them, in addition to concluding contracts with major international companies, to ensure that the needs of the local market are met even if gas supplies from neighboring countries are affected.
Al-Homsani stressed that the next stage will witness careful follow-up to ensure the regular flow of shipments according to the state’s needs and at the specified times, with the possibility of increasing quantities when necessary, in order to enhance market stability and ensure the continued provision of basic services to citizens.
