Kuwait Petroleum Corporation (KPC) is instructing select global investment funds participating in the bidding process for a $7 billion stake in its oil pipeline network to recruit additional partners and form consortiums.
The move aims to consolidate bids and streamline the transaction structure for the state-owned energy giant.
Sources familiar with the matter indicate that KPC is actively managing the investor pool to ensure robust and consolidated offers.
By encouraging the formation of joint ventures among bidders, the company seeks to mitigate execution risk and secure a stable long-term partner for its critical midstream infrastructure.
The sale represents a significant step in Kuwait’s broader strategy to monetize non-core assets and raise capital for sovereign wealth initiatives.
The pipeline network is a vital component of the country’s export capacity, linking production fields to coastal terminals.