Which private equity firms are shortlisted to buy a stake in Kuwait Petroleum Corp.'s pipeline network, and how much is KPC aiming to raise from the deal?

BlackRock Inc.’s Global Infrastructure Partners (GIP), Brookfield Asset Management Ltd., EIG Global Energy Partners LLC, Apollo Global Management Inc., and KKR & Co. are shortlisted to bid for a stake in Kuwait Petroleum Corp.'s pipeline network; KPC aims to raise around $7.5 billion from the deal and expects to receive the next round of bids later this month.

Why is Kuwait Petroleum Corp. proceeding with the pipeline sale despite ongoing regional conflict and infrastructure damage?

Although the war has damaged two of Kuwait’s refineries, KPC’s headquarters, and forced production cuts due to Strait of Hormuz closures and full storage tanks, KPC reviewed but ultimately decided to proceed with the pipeline sale amid strong interest from global bidders; CEO Sheikh Nawaf Al-Sabah confirmed this decision at the CERAWeek conference in March, citing sustained investor appetite despite the conflict.

Brookfield, GIP Defy War to Advance $7.5 Billion Kuwait Deal

Jun 9, 2026

Private equity firms including Brookfield and GIP are shortlisted to acquire stakes in Kuwait Petroleum Corp.'s pipeline network, targeting a $7.5 billion raise despite regional warfare affecting energy markets.

bloomberg

2026-06-09

Brookfield, GIP Defy War to Advance $7.5 Billion Kuwait Deal

2026-09-17

Brookfield to invest up to $600 million in India's ACME green fuels business

Brookfield, GIP Defy War to Advance $7.5 Billion Kuwait Deal

FAQ