Dossier
Kuwait Oil Company
Coverage of Kuwait Oil Company in the Nexus archive.
- Blackstone, KKR invest in Kuwait pipelines
Kuwait agreed to a $16 billion deal with Blackstone, Brookfield, and KKR, granting the investors a 49% stake in a joint venture with Kuwait Oil Company for a 20.5-year lease on the country's oil pipeline network. The investment is the largest foreign deal in Kuwait’s history and aligns with Gulf strategies to attract capital, with Blackstone also opening an office in Kuwait.
- Kuwait reports attacks on border posts and offshore oil platform
Kuwait reports attacks on three border posts and an offshore oil platform, causing material damage and injuring one worker. The Ministry of Defence described the incident as a 'criminal attack,' with a drone striking the offshore drilling platform operated by the Kuwait Oil Company.