Kuwait Petroleum Corporation (KPC) is reportedly considering leasing a portion of its pipeline network to secure funds for its massive $65 billion capital expenditure program, according to a recent report by Arabian Gulf Business Insight (AGBI). 

The move would be a strategic effort to raise $5–7 billion over a 25-year lease period, with the state-owned oil giant having enlisted the New York-based financial advisory firm Centerview Partners to assist with the potential deal. 

If approved, the transaction would follow a trend of asset monetization increasingly adopted by major regional energy producers, including Saudi Arabia and the United Arab Emirates.

Although discussions are ongoing and no final decisions have been made, the GBI report revealed that KPC is looking to lease 13 of its pipelines, with the plan requiring formal approval from the Kuwaiti government to be implemented. 

KPC initiated its ambitious investment program in April 2024, with a primary goal of increasing its oil production capacity to 4 million barrels per day by 2035.

The strategy mirrors recent financing models pursued by its peers. In July, Saudi Aramco secured a $10 billion BlackRock-led investment for its Jafurah gas processing facilities.  

In 2022, a consortium co-led by BlackRock made a minority investment in Aramco Gas Pipelines Company, expanding the company’s capital base. Similarly, Abu Dhabi's ADNOC saw a 40% stake in its oil pipelines, previously held by BlackRock and KKR, acquired by investment manager Lunate last year.