Kuwait’s KPC Signs $16 Billion Lease and Leaseback Deal with Blackstone, KKR, Brookfield for Oil Pipeline Network
The leaseback will generate $7.85 billion in upfront proceeds and leaves KOC with full ownership and operational control of the network.
- On Saturday, Kuwait Oil Company signed a US$ 16.0 billion lease-and-lease-back agreement with a global consortium comprising Blackstone, Brookfield, and KKR to manage its crude oil pipeline network.
- Under the 20.5-year contract, KOC retains a 51% stake and full operational control, while the consortium collectively holds a 49% interest in the joint venture on equal terms.
- Known as Project Peregrine, the partnership generates US$ 7.85 billion in upfront proceeds for KOC, supporting Kuwait Petroleum Corporation in reaching 4 million barrels of production capacity per day by 2035.
- This investment supports Kuwait's economic diversification goals while strengthening KPC's ability to deliver on national infrastructure development and attracting world-class international capital into the energy sector.
- Representing the largest foreign direct investment in Kuwait's history, the deal reflects sustained international trust in the Arabian Gulf region and serves as a catalyst for deeper global participation in the national economy.
32 Articles
32 Articles
Companies that manage Kuwait's oil sector have signed a $16 billion lease agreement with a group of investors led by Blackstone, Brookfield and KKR. Exclusive material for subscribers. To have full access, access the link of the material and register.
Blackstone, KKR invest in Kuwait pipelines
Kuwait agreed to a long-term lease of its oil pipeline network in a $16 billion deal with Blackstone, Brookfield, and KKR. The investors will acquire a 49% stake in a joint venture with Kuwait Oil Company, which will have a 20.5-year lease on the pipelines and lease them back to the state oil company, mirroring a structure used by Abu Dhabi and Saudi Arabia to raise money from their oil infrastructure.It is the largest foreign investment in Kuwa…
Kuwait signs $16bn pipeline deal with Blackstone, Brookfield and KKR despite Iran attacks
Kuwait Petroleum Corporation (KPC) said on July 25 that its subsidiary Kuwait Oil Company (KOC) has signed a $16bn lease-and-leaseback agreement covering its entire crude oil pipeline network with a consortium of Blackstone, Brookfield and KKR, in wh
Kuwait Petroleum Corporation has signed a $16 billion lease agreement for the oil pipeline network.
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