Kuwait signs $16 bln pipeline deal with Blackstone, KKR, Brookfield
The Mina Al-Ahmadi oil refinery in Kuwait is seen in this photo on March 20, 2026. (AP Photo)
Kuwait’s state-owned petroleum firm has signed a $16 billion pipeline infrastructure deal with international private equity giants Blackstone, KKR and Brookfield, it announced on July 25.
Kuwait Petroleum Corporation (KPC) said its oil subsidiary had signed a lease-and-lease-back agreement for the “entire domestic and export pipeline network” with the international consortium.
The investment comes as hydrocarbon-rich Gulf nations scramble to boost their output following Iranian attacks and the closure of the Strait of Hormuz.
