Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

PM: Egypt to Achieve Self-Sufficiency in Petroleum by 2023


Mon 18 Jan 2021 | 01:33 PM
Basant ahmed

Prime Minister Mostafa Madbouly and a number of ministers attended on Monday the plenary session of Parliament to present their programs.

Madbouly talked about the government's achievements saying: “The government is doing its duties amid the challenges that the world is facing due to the Coronavirus pandemic,” stressing that the pandemic casts its shadow over the whole world.

“The government spares no effort to coordinate with the parliament to achieve the interests of our people, backed by a wise leadership,” the prime minister stressed.

He added: “We are racing against time to implement our plans to raise Egypt's status internally and externally.”

Madbouly addressed the achievement in the security field, saying: "There are achievements in the national security file represented in achieving security stability, as the government has been keen to enhance the readiness of the armed forces to insure and protect Egyptian national security and combat terrorist outposts and takfiri elements."

“The government has succeeded in preserving the nation's water security and expanding the construction and development of sanitation,” the prime minister added.

He pointed out to achieving self-sufficiency in energy and achieving achievements in the energy and electricity file, with the participation of the private sector. Madbouly revealed that Egypt will not import any oil products from abroad by 2023.

He added that 90 billion pounds were allocated for fourth-generation cities, including New Alamein and New Mansoura, in addition to developing urban capitals for cities, developing historic Cairo, the People of Egypt project, and the Maspero Triangle.

The prime minister also presented an explanation of the government's plans to confront slums, deliver gas to villages and cities, and improve water and sanitation delivery services. He said that the government paid great attention to development in Upper Egypt, adding, "The total projects in the first phase reached 2575 ones in Qena and Sohag, providing 205 thousand direct or indirect job opportunities."

The Prime Minister pointed out to the reduction of poverty rates in Egypt for the first time since 1999, that is, nearly 20 years, adding: We have succeeded in implementing the economic reform program while the budget deficit decreased, the rate of inflation decreased in addition to controlling commodity prices.