Kuwait National Petroleum Company announced on the 25th that its subsidiary has signed a $16 billion cooperation agreement with a consortium of international investors including Blackstone, Brookfield, and KKR to jointly develop the domestic crude oil pipeline network. The two parties will establish a joint venture, with the Kuwaiti side retaining a controlling 51% stake. The transaction is expected to provide $7.85 billion in initial funding to achieve the goal of producing 4 million barrels o

Kuwait National Petroleum Company announced on the 25th that its subsidiary has signed a $16 billion cooperation agreement with a consortium of international investors including Blackstone, Brookfield, and KKR to jointly develop the domestic crude oil pipeline network. The two parties will establish a joint venture, with the Kuwaiti side retaining a controlling 51% stake. The transaction is expected to provide $7.85 billion in initial funding to achieve the goal of producing 4 million barrels o

智通财经2026/07/25 11:06

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Kuwait National Petroleum Company announced on the 25th that its subsidiary has signed a $16 billion cooperation agreement with a consortium of international investors including Blackstone, Brookfield, and KKR to jointly develop the domestic crude oil pipeline network. The two sides will establish a joint venture, with the Kuwaiti side maintaining dominance through a 51% stake. The deal is expected to bring $7.85 billion in upfront funds to help achieve the goal of producing 4 million barrels of crude oil per day by 2035. This cooperation is still subject to regulatory approval from the Kuwaiti authorities.

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