JPMorgan and two Kuwaiti lenders joined HSBC in a $6B financing syndicate for prospective buyers of a stake in Kuwait Petroleum Corp ’s crude oil pipeline network, three people with knowledge of the matter told Reuters. The deal underpins KPC’s strategy to raise capital for its pipeline assets amid regional tensions. The stake sale, valued at about $7B, was launched just before the U.S.-Israeli strikes on Iran on Feb. 28 and the subsequent Iranian strikes against Gulf states, adding uncertainty to the process. The loan, with a 20‑year tenure, carries indicative pricing of 170 basis points over the Secured Overnight Financing Rate. JPMorgan and HSBC are advising KPC on the transaction, while National Bank of Kuwait and Kuwait Finance House also participate. One of the people said the pricing was "competitive" given current market conditions. Two of the three sources said investors needed more time due to the fast‑evolving conflict, prompting KPC to push the preliminary bid deadline to April 28 from April 7. KPC’s pipeline network transports crude oil and refined products across Kuwait, linking the country’s oilfields to export terminals on the Arabian Gulf. The company suffered "severe material damage" at some operating units after drone attacks, according to the state energy company. Kuwait’s central bank eased regulatory requirements on local lenders to keep credit flowing and support economic stability. With the financing in place, KPC can proceed with the stake sale, potentially unlocking capital and ensuring continued supply through the Strait of Hormuz. The deal aligns with Gulf national oil companies’ broader pipeline fundraising trend, following similar moves by Saudi Aramco, ADNOC, and Bapco Energies.