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Or sign-in if you have an account.Crude oil output remains at levels last seen in the early 1990s after the Iraqi invasion, though officials have said they could boost production to pre-conflict levels within a few months after the war ends. Photo by Dominique BERBAIN/Getty ImagesBlackRock Inc.’s Global Infrastructure Partners and Brookfield Asset Management Ltd. are among private equity firms shortlisted to buy a stake in a Kuwaiti pipeline network, indicating sustained interest for marquee Gulf assets despite a monthslong war that’s impacted regional production and roiled energy markets globally.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorKuwait Petroleum Corp. also picked other contenders to proceed to the next round of bidding, including EIG Global Energy Partners LLC, Apollo Global Management Inc. and KKR & Co., according to people familiar with the matter, who declined to be identified as the information is confidential.The OPEC member has been working with JPMorgan Chase & Co. and Centerview Partners LLC to lease part of its pipeline network. KPC could raise around US$7.5 billion from the deal and is expected to receive the next round of bids later this month, some of the people said.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againDeals similar to those being considered by KPC have become increasingly popular with Gulf governments seeking to diversify their economies. Such transactions are typically structured to allow regional oil producers to tap global institutional capital while retaining control over key assets.Kuwait had started work on the deal months before the war began in a renewed push to draw in foreign investors, many of whom have flocked to neighbouring countries in recent years.Representatives for KPC didn’t respond to requests for comment, while Apollo, Brookfield, EIG, GIP and KKR declined to comment.The lineup of bidders indicates Wall Street’s continuing appetite for dealmaking in the Middle East three months into a regional war. In that time, Kuwait has taken multiple hits, including to two of its refineries and even KPC’s headquarters, and had to cut production as storage tanks filled up amid a closure of the Strait of Hormuz.Crude oil output remains at levels last seen in the early 1990s after the Iraqi invasion, though officials have said they could boost production to pre-conflict levels within a few months after the war ends.The attacks did prompt KPC to review its plans for the pipeline network, but the firm ultimately decided to proceed amid interest from potential buyers, chief executive Sheikh Nawaf Al-Sabah said at the CERAWeek by S&P Global conference in Houston in March.The United States and Iran agreed to a ceasefire in the weeks after those comments were made, though Kuwait has continued to face sporadic attacks. Two drones hit the international airport last week, killing one person, injuring more than 60 others, and causing extensive damage to a main terminal that had only just been repaired following earlier attacks during the war. And earlier this week, a series of tit-for-tat strikes erupted between Israel and Iran that further imperilled talks aimed at ending the war.Like KPC, other regional giants have continued to pursue deals.In Saudi Arabia, executives at Aramco have lined up the most ambitious privatization plan in the company’s 93-year history. The firm is pushing ahead with a wave of divestments spanning everything from energy facilities and even real estate, seeking to raise as much as US$35 billion.To be sure, market conditions have affected at least some deals. Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co. on Tuesday postponed plans for an initial public offering that was set to raise as much as US$799 million and rank as the region’s first major listing of the year. 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