Kuwait Petroleum Corporation's unit, Kuwait Oil Company (KOC), is establishing a joint venture with Blackstone, KKR, and Brookfield for a 20.5-year lease, retaining 51% ownership and operational control. This $16 billion deal, the largest foreign direct investment in Kuwait's history, is expected to generate $7.85 billion in upfront proceeds and reflects a broader trend among Gulf oil firms to raise funds from infrastructure assets. While directly impacting Kuwait's energy sector, such large-scale oil infrastructure deals can indirectly influence global crude oil prices, potentially affecting Pakistan's import bill and the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com