Kuwait wants consortiums to bid for $7 billion oil pipeline deal
July 2, 2026
(Oil Price) – Kuwait’s state oil firm, Kuwait Petroleum Corporation (KPC), has asked some of the asset management funds bidding for a stake in its oil pipeline network to tap other investors in their bids for the planned sale estimated at $7 billion, anonymous sources familiar with the process told Reuters on Thursday. Early this year, it emerged that KPC is considering following
