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🛒 تسوق الآنUS Envoy Boulos Pushes Power-Sharing Deal to Unlock Libya's Oil Potential
US Envoy Boulos Pushes Power-Sharing Deal to Unlock Libya's Oil Potential
A Diplomatic Push 9 Years in the Making
Massad Boulos, senior adviser to US President Donald Trump on Arab and African affairs, is working to broker a power-sharing agreement between Libya's rival eastern and western administrations, the Financial Times reported on June 17, 2026. The initiative aims to end more than a decade of political fragmentation in the oil-rich North African nation and could pave the way for Libya to double its oil production to 3 million barrels per day by 2030.
What the Plan Proposes
The US-backed framework seeks to bring together the Tripoli-based Government of National Unity and the eastern faction led by Khalifa Haftar under a unified power-sharing arrangement. According to Boulos, the deal centers on three pillars: equitable oil revenue distribution, security sector reconstruction, and a roadmap for national elections. Libya currently produces approximately 1.2 million barrels per day, but experts say the country has the geological capacity to reach 3 million barrels daily within the decade if political stability is achieved.
Key Facts at a Glance
- 1.2 million barrels/day: Libya's current oil production level as of mid-2026
- 3 million barrels/day: Target production level supported by US companies including ConocoPhillips
- Since July 2025: Boulos has focused intensively on Libya after diplomatic work in the Great Lakes region
- 2011: The year Libya's civil conflict began, leading to a decade of division
- ConocoPhillips: The American oil major expanding its partnership with Libya's National Oil Corporation
Regional Shifts Create New Momentum
The diplomatic landscape around Libya has shifted significantly in recent months. Turkey, long the principal military backer of the Tripoli government, has cautiously opened channels to the Haftar family in the east. Egypt is pushing for a stable Libyan economy capable of absorbing Egyptian labor and exporting energy. Even historic rivals Italy and France have converged on the need for stabilization, driven by migration management and energy security concerns. China and Russia also appear broadly supportive, with Beijing seeking to expand its geoeconomic footprint in Libya through zero-tariff export agreements.
Why This Matters for Libyans
For ordinary Libyans, the stakes could not be higher. A functioning power-sharing agreement would mean reliable electricity, functioning banks, and a unified national budget. Libya's oil wealth — estimated at the largest proven reserves in Africa at 48 billion barrels — has long been a source of conflict rather than prosperity. If Boulos's initiative succeeds, it could unlock billions in foreign investment, create thousands of jobs, and finally deliver the stability that Libyans have demanded since 2011. The alternative — continued division — risks further economic deterioration and the erosion of what remains of state institutions.
Challenges Remain Significant
Despite the momentum, analysts caution that the path forward is fraught with obstacles. The Atlantic Council noted in May 2026 that Boulos's initiative, while ambitious, may not address Libya's deeper structural problems, including entrenched militia networks, competing claims over oil infrastructure, and a population weary of elite-brokered deals. Fraud allegations against the Haftar family, reported by Africa Confidential, could also complicate negotiations. Nevertheless, the convergence of international support and Libya's urgent economic needs may create a window of opportunity that has not existed in years.
— LibyaPress / Economy Desk
