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Kuwait Petroleum Corp is thinking about renting some of its oil pipelines to bring in money for a huge investment plan worth about 65 billion dollars. This money would go into everything from oil production to making chemicals.
The company has hired Centerview Partners as an advisor to study the idea. Other Gulf countries like Saudi Arabia and the UAE have already done similar deals to get cash from their energy assets.
If the plan goes through, Kuwait could raise between 5 and 7 billion dollars. The deal might include renting 13 pipelines for as long as 25 years.
This step would make it easier for Kuwait to bring in foreign investors and pay for its big development projects. Talks are still happening, nothing is final yet, and the government of Kuwait would have to give its approval before anything moves forward.