Kuwait Lines Up $7B Pipeline Deal as Gulf Turns to Foreign Capital

Kuwait is preparing to move forward with a major midstream expansion as it opens a $7-billion pipeline project to foreign capital, part of a broader push to fund critical oil infrastructure outside the state budget. State-owned Kuwait Oil Company is readying a pipeline deal valued at roughly $7 billion that would involve international partners, according to Reuters. The project is part of a broader effort by Kuwait to upgrade transport capacity linking upstream production to export and processing hubs, while easing the financial burden on the state.…