KOC signs $16 billion infrastructure partnership to support 4 MMbpd production target
July 27, 2026
(World Oil) – Kuwait Oil Company (KOC) has signed a $16 billion infrastructure partnership involving its domestic and export crude oil pipeline network, a transaction expected to generate $7.85 billion in proceeds to help fund upstream expansion and support Kuwait’s goal of increasing crude oil production capacity to 4 MMbpd by 2035. The agreement establishes a new joint venture between KOC and a consortium comprising Blackstone, Brookfield and KKR.
