Blackstone, Brookfield, And KKR Sign $16 Billion Oil Pipeline Deal With Kuwait
By Amit Chowdhry ● Today at 4:43 PM
Kuwait Petroleum Corporation announced its subsidiary, Kuwait Oil Company, has signed a $16 billion lease and leaseback agreement covering its crude oil pipeline network with a consortium comprising Blackstone, Brookfield Asset Management, and KKR, according to CNBC. The state-owned company described the transaction, named Project Peregrine, as the largest foreign direct investment in Kuwait's history.