Kuwait's KPC signs $16 billion lease & leaseback deal with Blackstone, KKR, Brookfield for oil pipeline network

Kuwait Petroleum Corporation has signed a significant $16 billion deal for its crude oil pipeline network. This landmark agreement involves a consortium of global funds, including Blackstone, Brookfield, and KKR. The state-owned firm announced this as the largest foreign direct investment in the country's history. Under this lease and leaseback structure, the joint venture will operate for 20.5 years.