Kuwait locks in $16B pipeline lease‑back, giving 49% JV to Blackstone, Brookfield and KKR
Kuwait Oil Company signed a $16 billion lease‑and‑lease‑back deal for its entire domestic and export pipeline network, creating a joint venture where Blackstone, Brookfield and KKR hold 49% and KOC retains 51% operational control. The transaction delivers $7.85 billion upfront, the biggest foreign direct investment in Kuwait, to fund its goal of 4 million barrels per day by 2035.