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الاقتصادية
Kuwait's record $16B oil investment
The Kuwait Petroleum Corporation announced the signing of a $16 billion agreement with a consortium of major global investors, led by investment funds from Blackstone, Brookfield, and KKR, to invest in Kuwait Oil Company's crude oil pipeline network. This deal represents the largest foreign direct investment in Kuwait's history and involves the establishment of a joint venture that will lease and operate 13 pipelines approximately 320 kilometers in length, with Kuwait Oil Company retaining a majority stake of 51% and the remaining 49% held by the consortium. The transaction will generate cash revenues of $7.85 billion to support expansion programs, particularly the plan to raise production capacity to 4 million barrels per day by 2035. It also reflects the high quality of Kuwait Oil Company's assets and the attractiveness of Kuwait's investment environment. Moreover, it underscores investors’ confidence in the Kuwaiti economy despite regional challenges. The deal is contingent upon meeting regulatory requirements and obtaining official approvals.
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