Libyan unity government outlines oil strategy in Masad Boulos plan

The newly unified Libyan government released a policy framework on the oil sector. The document, known as the Masad Boulos plan, sets out coordination mechanisms for production.

The newly unified Libyan government released a policy framework on the oil sector. The document, known as the Masad Boulos plan, sets out coordination mechanisms for production. It aims to align the output of the country's eastern and western oil fields. The plan also proposes a shared revenue system to fund national reconstruction. Officials say the strategy is intended to attract foreign investment. The proposal follows months of political negotiations between rival factions. International observers view the plan as a step toward stabilizing Libya's economy. The government plans to present the proposal to parliament for approval.