Kuwait Oil secures major FDI

Kuwait Oil Company signed an agreement with a consortium of major global investors to lease and re-lease the local oil export pipeline network as part of the "Shahin" project, valued at $16 billion. This deal represents the largest foreign direct investment in Kuwait's history and reflects the high-quality assets of Kuwait Oil Company and the operational efficiency of the Kuwait Petroleum Corporation, as well as the attractiveness of the country's investment environment. The transaction is expected to generate cash returns of $7.85 billion upon completion, supporting the corporation's capital expenditure programs.

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