Kuwait Petroleum Company seeks to sell $7 billion worth of pipeline equity, with multiple global investors participating in negotiations.

LootboxPhobia · 2026-02-24T10:54:15+00:00

Kuwait Petroleum Company is in discussions with several investment firms, including BlackRock and Brookfield, regarding the sale of its $7 billion oil pipeline stake. The expected deal structure includes a $1.5 billion equity investment and debt financing. Multiple parties have expressed interest, but the involved companies have not commented.

LootboxPhobia

2026-02-24 10:54:15

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Investing.com – According to reports on Tuesday, Kuwait Petroleum Corporation has begun preliminary discussions with several major investment firms regarding the sale of a $7 billion stake in its oil pipeline.

The state-owned oil company has held early-stage talks with BlackRock (NYSE: BLK), Brookfield Asset Management (NYSE: BAM), EIG Partners, and KKR (NYSE: KKR) about this potential deal.

Other interested parties include China Silk Road Fund, China Merchants Capital, I Squared Capital, and Macquarie Infrastructure Partners.

The deal is structured as approximately $1.5 billion in equity investment, with the remaining amount to be financed through debt.

BlackRock, Brookfield, Macquarie, KKR, EIG, and I Squared declined to comment. Kuwait Petroleum Corporation, China Silk Road Fund, and China Merchants Capital did not respond to requests for comment.

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