The spokesperson for the Egyptian Ministry of Petroleum and Mineral Resources, Mahmoud Nagy, confirmed that with the onset of military escalation in the Middle East, the ministry acted swiftly by activating its central operations room to monitor all activity related to the petroleum sector, including both gas and petroleum products. During a phone interview on Extra News on Saturday, Nagy indicated that oil reserves remain stable at safe levels. This helps mitigate any disruptions to the grid’s supply chain.”Wide variety of supply sourcesEgypt has a wide variety of supply sources and works with multiple international companies, Nagy noted. The ministry also has long-term contracts with institutions supplying petroleum products and natural gas, as well as government contracts, which reduces the impact of fluctuations and price increases, he said. Coordination is ongoing with officials at the Ministry of Electricity to manage the crisis without impacting the Egyptian state.”

Source: Egypt Independent March 01, 2026 14:34 UTC