Libya and US explore $70 billion investment prospects

Massad Boulos, Senior Adviser to US President Donald Trump for African and Middle Eastern Affairs, concluded a series of meetings in Tripoli on Wednesday with senior Libyan officials, aimed at exploring opportunities for economic cooperation and partnership.

The visit, the first of its kind by a senior adviser of the current US administration, included talks with Prime Minister Abdulhamid Dbeibeh, during which both sides discussed potential collaboration in various sectors, including energy, infrastructure, healthcare, telecommunications, and minerals.

According to official statements, the Libyan government presented a portfolio of strategic projects valued at approximately $70 billion, outlining investment opportunities for international partners, with a particular focus on attracting US companies to participate in the country’s development efforts.

The meetings also addressed developments in Libya’s oil and gas sector. Discussions included investment prospects in new offshore and onshore exploration blocks, as well as ongoing efforts to promote transparency and improve operational efficiency in the energy industry.

Regional issues were also raised. Prime Minister Dbeibeh expressed concern over the humanitarian situation in Gaza and called for a ceasefire and access for humanitarian assistance.

Following the talks, Mr Boulos reaffirmed the US administration’s interest in supporting Libya’s stability and expanding channels of political and economic cooperation.

Mr Boulos also met with the Chairman of the National Oil Corporation (NOC), Eng. Masoud Suleiman. During the meeting, the NOC presented its strategic objective of increasing national oil production to two million barrels per day by 2030, alongside plans to develop the petrochemical sector.

The visit concluded with the signing of a cooperation agreement between Mellitah Oil and Gas and the US-based company Hill International. The agreement relates to project management services for two offshore platforms, identified as A and E.

In a brief statement shared following the meetings, Mr Boulos described the discussions as constructive, noting the shared interest in promoting economic development and enhancing bilateral relations between Libya and the United States.