Why is Kuwait Petroleum Corporation (KPC) asking oil pipeline bidders to form consortiums?

KPC is asking some global funds bidding for a $7 billion stake in its oil pipeline network to recruit other investors to help consolidate the string of firms that lodged bids; this move also ensures smaller investors with existing relationships with KPC can participate.

Which major international investment firms are involved in KPC's pipeline sale process?

Blackstone has emerged as a bidder — its first participation in Gulf national oil company energy infrastructure deals — alongside BlackRock's Global Infrastructure Partners (GIP), KKR, Apollo, Brookfield, and EIG Global Energy Partners, all of which have advanced to the next stage of the sales process.

Kuwait's KPC Asks Oil Pipeline Bidders to Form Consortiums

Jul 2, 2026

Kuwait Petroleum Corporation is requesting consortium formation among bidders for its $7 billion oil pipeline stake to facilitate smaller investor participation. Major global funds including Blackstone and BlackRock remain engaged despite geopolitical risks.

reuters

2026-07-02

Kuwait's KPC Asks Oil Pipeline Bidders to Form Consortiums

2026-07-24

Kuwait's KPC signs $16 billion lease and leaseback deal with Blackstone, KKR, Brookfield for oil pipeline network

Kuwait's KPC Asks Oil Pipeline Bidders to Form Consortiums

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