Blackstone, Brookfield, and KKR Announce $16 Billion Kuwait Oil Infrastructure Partnership
Blackstone (BX), Brookfield (BN), and KKR (KKR) have entered into a joint venture with the Kuwait Oil Company (KOC) for a $16 billion infrastructure deal. The partnership involves a long-term lease-and-lease-back agreement covering all of KOC's domestic and export pipeline networks, spanning 20.5 years. This marks one of the largest private equity investments in Middle Eastern energy infrastructure to date. The transaction is expected to provide stable cash flows for Blackstone, Brookfield, and KKR while allowing KOC to monetize its assets without losing operational control. The deal highlights growing interest from global investors in Gulf-based energy projects amid rising demand for oil transportation solutions.
Topics: energy infrastructure joint venture pipelines