Fatshimétrie witnessed a major event this week, as Prime Minister Mostafa Madbouly stressed that President Abdel Fattah al-Sisi delivered important messages at the BRICS Summit regarding the current global crisis.
At a press conference after the weekly cabinet meeting on Wednesday, October 23, 2024, Madbouly stressed that BRICS was the first official meeting Egypt attended.
During this press conference, attention was focused on the oil sector, due to the agreements signed that day with international companies operating in Egypt.
Madbouly expressed hope to overcome the challenges and problems facing the state’s oil sector, stressing that this step will see an increase in investments and an increase in production in this crucial sector of the Egyptian economy.
He affirmed that the oil sector is a pillar of the state’s economy and stressed that these initiatives aim to strengthen Egypt’s position on the international stage. Partnerships with international companies represent an opportunity for growth and mutual development.
This speech underlines the importance of international cooperation in addressing global economic challenges and promoting prosperity and stability in the region and beyond. By investing in the oil sector, Egypt aims to strengthen its position as a key player on the global energy stage.
This statement therefore highlights the Egyptian government’s strategic vision to promote economic development and strengthen international relations, while emphasizing the importance of the oil sector for the country’s economy.