Egypt's PM reviews reports on COVID-19 repercussions on local, int'l energy market

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Sat, 06 Jun 2020 - 02:51 GMT

FILE: Prime Minister Moustafa Madbouli Moustafa Madbouli

FILE: Prime Minister Moustafa Madbouli Moustafa Madbouli

CAIRO – 6 June 2020: Prime Minister Mostafa Madbouli reviewed two reports issued by the Cabinet's Information and Decision Support Center (IDSC) on the repercussions of the novel coronavirus on the local and global energy market.

The reports include 18 topics based on analyses published by the International Energy Agency, The Conversation, the Energy World, the World Economic Forum, McKinsey & Company and Bloomberg, among others on the most significant procedures and efforts exerted by the government over the past 100 days to counter the novel coronavirus outbreak.

IDSC Head Osama el Gohari said on Saturday that one of the two reports touch upon the repercussions of the Covid-19 on the oil and natural gas sectors, while the other report tackled the impacts of the global oil crisis on the Egyptian energy market.

Madbouli has said the government exerts great efforts to save lives of citizens, considering citizens' health a top priority.

He stressed that the government works on improving life standards of citizens in light of the adoption of economic and social reform programs to promote the national economy.

The government also worked on reducing inflation rates and financial deficit and promoting the growth rates and the value of local currency to attract more investments, in addition to enhancing the quality of medical services nationwide prior to the Covid-19 spread, the premier added.

The report touched upon the government's economic and social procedures taken to counter the pandemic.

The government's efforts to combat the coronavirus outbreak also included imposing lockdown nationwide, among others, the report said.

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