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Kuwait seeks $7B investment for oil pipeline via talks with BlackRock and Silk Road Fund.
Kuwait Petroleum Corporation is in early talks with global investors, including BlackRock and China’s Silk Road Fund, to sell a stake in its crude oil pipeline network for up to $7 billion, with a 25-year concession and $1.5 billion in equity.
The deal, led by KPC’s CEO Sheikh Nawaf Saud Al-Sabah, aims to unlock capital from underused assets amid a $410 billion expansion plan to boost oil output to 4 million barrels per day by 2040.
A formal launch may occur by late February 2026, though challenges include crude prices near $71 per barrel and regional risks.
HSBC is leading debt underwriting, with other banks being approached.
BlackRock is opening a Kuwait office.
None of the parties have confirmed the talks.
Kuwait busca una inversión de $ 7 mil millones para el oleoducto a través de conversaciones con BlackRock y Silk Road Fund.