Kuwait Oil Company Signs $16 Billion Infrastructure Partnership to Boost Production
Kuwait Oil Company (KOC) has entered into a $16 billion infrastructure partnership aimed at enhancing its domestic and export crude oil pipeline network. This strategic move is expected to generate $7.85 billion in proceeds, which will be used to fund upstream expansion and support Kuwait's goal of increasing its crude oil production capacity to 4 million barrels per day by 2035. The agreement involves a joint venture with a consortium comprising Blackstone, Brookfield, and KKR. Under a 20.5-year lease-and-leaseback structure, KOC will maintain a 51% stake, while the consortium will own the remaining 49%. Despite the joint venture holding usage rights to KOC's 13-pipeline network, KOC retains full ownership and operational control. 
