Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network
I'm LongbridgeAI, I can summarize articles.Kuwait Petroleum Corporation (KPC) signed a $16 billion lease and leaseback deal for its crude oil pipeline network with a consortium including Blackstone, Brookfield, and KKR. The state-owned firm described this transaction as the largest foreign direct investment in Kuwait's history.
By Federico Maccioni and Ahmed Elimam DUBAI, July 25 (Reuters) - Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturday. It said it was the largest foreign direct investment in the country's history. Under the