Kuwait is OPEC’s fifth-largest oil producer. Currently, the Kuwait Petroleum Corporation (KPC) is studying leasing 13 pipelines for 25 years to finance a $65 billion investment plan covering all sectors of the company, from production to petrochemicals. This will allow the corporation to raise between $5 and $7 billion from the deal.

The corporation is consulting with “Centerview” on the deal, which could be similar to deals executed by neighboring Gulf states.

This comes as part of an investment program launched by KPC in April 2024, which includes spending approximately $33 billion to increase oil production capacity to 4 million barrels per day by 2035.

CEO of KPC Sheikh Nawaf Al-Sabah previously stated that the company is considering several funding sources for its future projects, including pipeline deals.

It is worth noting that major Gulf companies, including ADNOC and Aramco, have recently concluded pipeline deals. In 2019, ADNOC sold a 40% stake in its oil pipeline network to BlackRock and KKR, before a state-owned entity bought back the stake. ADNOC also sold part of its gas pipeline unit to an investor group led by GIP, while a group led by BlackRock acquired a 49% stake in Aramco Gas Pipelines