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وكالة الأنباء القطرية
Kuwait Petroleum Launches $16B Investment
Kuwait Petroleum Corporation announced that Kuwait Oil Company signed a lease and sublease agreement for the export oil pipeline network "Shahin Project" valued at $16 billion, with a global investors' consortium led by Blackstone, Brookfield, and KKR, marking the largest foreign direct investment in Kuwait's history. These companies will hold a 49% stake in the project, while Kuwait Oil Company retains 51%, managing a network comprising 13 pipelines approximately 320 kilometers long. The corporation expects this investment to generate cash returns of $7.85 billion, supporting its capital expenditure programs and reaffirming Kuwait's position as an attractive hub for global capital.
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