Kuwait Oil Company Partners with Blackstone, Brookfield, and KKR in $16 Billion Pipeline Deal
Kuwait Oil Company (KOC) has entered into a significant $16 billion infrastructure partnership with global investors Blackstone, Brookfield, and KKR. This joint venture involves a lease-and-leaseback agreement for KOC's entire domestic and export pipeline network, spanning approximately 320 kilometers. The agreement grants the consortium a 49% stake, while KOC retains a 51% stake and full operational control. This deal marks the largest foreign direct investment in Kuwait's history and is expected to generate $7.85 billion in proceeds for KOC. The partnership aims to support Kuwait's economic diversification and KPC's goal of reaching a crude oil production capacity of 4 million barrels per day by 2035.