Egypt’s Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Karim Badawi on Monday to discuss a number of priority issues, including the payment of foreign partner dues and the results of the incentive package for exploration and research.
The meeting was part of the government’s ongoing efforts to coordinate and oversee key sectors.
Badawi confirmed that the government is committed to ensuring regular payments to foreign partners and that the monthly invoices will be paid in full by October.
“A program is in place to ensure regular payments to partners,” Badawi said.
He added that the incentive package for research and exploration announced by the ministry has been well-received by both domestic and international partners.
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