Kuwait approves firms for $7.5B oil pipeline
Kuwait is working on offering a stake in its oil pipeline network through arrangements with JPMorgan Bank and Centerview Partners. The deal is estimated to generate around $7.5 billion. The transaction has attracted interest from major global investment firms, despite the challenges posed by the war against Iran and its impact on the oil market. Kuwait aims to diversify sources of funding and maintain control over strategic assets, even as oil production has not significantly declined despite the tensions, with the possibility of returning to previous production levels within a few months after the war ends.
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