Kuwait – The Kuwait Petroleum Corporation (KPC) announced the largest foreign direct investment in the country’s history, valued at $16 billion. This was achieved through the Kuwait Oil Company’s (KOC) signing of the “Shaheen Project” agreement, which involves leasing and subleasing the network of pipelines dedicated to crude oil exports. This move aims to develop the energy sector’s infrastructure and enhance the efficiency of export operations.
The agreement was signed with a global consortium led by investment funds managed by Blackstone, Brookfield, and KKR. This represents one of the largest investment deals in the Kuwaiti oil sector, reflecting the confidence of international investment institutions in the Kuwaiti economy and its strategic projects.
The Kuwait Petroleum Corporation (KPC) confirmed that the project aims to secure long-term financing while maintaining full state ownership and sovereignty over the pipeline network assets. This will support expansion and development plans in the oil sector without impacting operations or supplies.
This step comes within the framework of Kuwait’s strategy to attract foreign investment, diversify funding sources, and enhance the efficiency of its oil assets, thereby contributing to economic growth and strengthening the country’s position as one of the world’s leading oil producers and exporters.
