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Kuwait is opening its oil fields and pipeline network to foreign investment as part of a strategy to increase oil production capacity to 4 million barrels per day by 2035, up from 3 million currently. Kuwait Petroleum Corp. is in discussions with international oil companies to assist its production arm, Kuwait Oil Co., particularly in developing offshore fields such as Jazah, Jlaiaa, and Nokhitha.

The Prime Minister stated that while international companies may invest, Kuwait will retain ownership of the resources. Additionally, Kuwait Petroleum is negotiating a lease and leaseback deal for its domestic crude pipeline network, expected to be finalized in the coming months, marking the largest foreign direct investment project to date. TotalEnergies expressed interest in oil and LNG projects in Kuwait.