Egypt's Petroleum Min.: Fuel Reserves ‘Secure’ Amid Regional Escalation

Egypt’s petroleum product reserves remain at “secure levels,” a spokesperson for the Ministry of Petroleum and Mineral Resources said on Saturday, as authorities moved swiftly to reinforce supply monitoring following heightened military tensions in the Middle East.

Mahmoud Nagy, speaking in a televised interview, said Petroleum Minister Karim Badawi activated the ministry’s central operations room at the onset of the regional escalation to oversee all activities across the oil and gas sectors.

He added that the minister began the day with a meeting at the national natural gas control center, which manages Egypt’s nationwide gas grid and supplies power plants, industrial facilities and households across the country.

Nagy said the ministry had implemented proactive measures in recent years to safeguard gas flows, including investments in infrastructure, the construction of regasification terminals to receive liquefied natural gas (LNG), and upgrades to the national grid to enhance flexibility in responding to supply fluctuations.

“These investments enable the network to absorb any changes in supply variables and respond effectively, as we are doing during the current crisis,” he said.

The spokesperson emphasized that Egypt benefits from diversified supply channels, working with multiple international energy companies under long-term contracts for petroleum products and natural gas.

“When a country relies on a single source, any disruption creates immediate challenges,” Nagy said. “Egypt has diversified sources, in addition to a portion of domestic production, which reduces the sharp impact of global price swings or supply shifts.”

He added that the minister has instructed sector leaders to maximize domestic output and closely monitor field production, refining operations and upstream activities, with round-the-clock coordination to ensure uninterrupted energy availability for households and industry.

Authorities have prepared multiple contingency scenarios to address potential regional disruptions, he said, noting that coordination with the Ministry of Electricity is ongoing to prevent any adverse impact on daily life or economic activity.