KPC mulls leasing 13 pipelines to back $65 billion investment drive
Kuwait Petroleum Corporation is considering leasing part of its pipeline network for 25 years to raise $5–7 billion in funding for an investment plan covering production, refining, and petrochemicals.
• Sheikh Nawaf Al-Saud, the CEO of Kuwait Petroleum Corporation, said that the company is looking for the cheapest sources of financing, and if that is through a pipeline monetization deal open to local and foreign investors, as ADNOC and Aramco recently did, I will embrace it.”
Kuwait Petroleum Corporation (KPC) is studying a proposal to lease part of its pipeline network to help finance a $65 billion investment plan spanning production, refining, and petrochemicals, Al Anba newspaper reported
According to sources, the corporation seeks to raise between $5 billion and $7 billion through leasing 13 pipelines for a 25-year period.
They added that talks are still underway and no final decision has been reached, stressing that the plan remains subject to government approval.
The corporation has enlisted Centerview Partners LLC to advise on the deal, which may resemble agreements carried out by neighboring Gulf states. This move falls within the framework of an investment program launched by KPC in April 2024, which includes spending about $33 billion to raise oil production capacity to 4 million barrels per day by 2035.
KPC CEO Sheikh Nawaf Al-Saud previously told Bloomberg that the corporation is considering multiple funding sources for future projects, including potential pipeline deals.
He said, “I am looking for the cheapest sources of financing, and if that is through a pipeline monetization deal open to local and foreign investors, as Abu Dhabi National Oil Company (ADNOC) and Saudi Arabia’s oil giant Aramco recently did, I will embrace it.”
