Kuwait Petroleum Shortlists 5 Firms for $7.5 Billion Pipeline Stake
Updated
Updated · Bloomberg · Jun 9
Kuwait Petroleum Shortlists 5 Firms for $7.5 Billion Pipeline Stake
1 articles · Updated · Bloomberg · Jun 9
Summary
Kuwait Petroleum Corp. advanced Brookfield, BlackRock’s Global Infrastructure Partners, EIG, Apollo and KKR to the next bidding round for a stake in its pipeline network.
The shortlist signals that appetite for large Gulf infrastructure assets remains intact despite a months-long war that has hit regional production and shaken global energy markets.
Brookfield and GIP stand out among the contenders as private equity firms push ahead with one of the region’s marquee energy infrastructure sales.
The process centers on a deal valued at about $7.5 billion, underscoring Kuwait’s ability to draw heavyweight investors even amid heightened geopolitical risk.