Big Oil's Pipeline Assets Attract Private Equity Investment Amid ESG Shift

Big private equity groups are investing in infrastructure assets of national oil companies in the Middle East, opening up pipeline networks to foreign capital. Private equity firms are now seeking a slice of international majors' infrastructure assets, allowing them to raise cash and reinvest in oil and gas production. ExxonMobil, BP, TotalEnergies, and Eni have been urged by investors to consider selling stakes in pipeline and storage assets to private equity groups.