Kuwait Oil Co. has inked a $16 billion leaseback agreement for its pipeline infrastructure, marking a strategic move to enhance liquidity and streamline operations amid evolving energy market dynamics.

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Kuwait Oil Co. has inked a $16 billion leaseback agreement for its pipeline infrastructure, marking a strategic move to enhance liquidity and streamline operations amid evolving energy market dynamics.

Exxon is reportedly in talks with Iraq to acquire Lukoil’s stake in the massive West Qurna 2 oilfield, sources say. This potential deal highlights a surge of interest in strengthening and expanding Iraq’s energy partnerships