Kuwait Petroleum Reveals $16B FDI
The Kuwait Petroleum Corporation announced that Kuwait Oil Company has signed a lease and re-lease agreement for the oil export pipeline network (Shahin Project) worth $16 billion with a coalition of major investors. This makes it the largest foreign direct investment in Kuwait’s history. Kuwait Oil Company will retain a 51% stake in the project, which involves owning and operating 13 pipelines spanning approximately 320 kilometers. The remaining shares will be owned by foreign companies, generating cash returns close to $7.85 billion upon completion of the deal. The transaction aims to support capital spending programs and strengthen Kuwait’s position as an attractive investment destination, despite regional challenges.
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