bidding billions

Investors compete for $7B stake in Kuwait oil pipeline network

The sale is part of an effort by Gulf energy companies and sovereign investors to monetize infrastructure assets and attract foreign investment

YASSER AL-ZAYYAT / AFP via Getty Images

Q8 fuel station in Kuwait

BlackRock, Brookfield, EIG Global Energy Partners, KKR and Apollo are among the global investment firms bidding for a roughly $7 billion stake in Kuwait Petroleum Corporation’s oil pipeline network.

KPC has asked some bidders to recruit additional...