Kuwait Oil Co. (KOC) has signed a $16 billion lease-and-leaseback deal for its oil pipeline network with US investment giants Blackstone and KKR, and Canada's Brookfield, making it the latest national oil company in the Middle East Gulf to monetize energy infrastructure assets in this manner.
Kuwait Oil Co. Signs $16 Billion Pipeline Leaseback Deal
The deal follows the same kind of lease and leaseback model that other Mideast Gulf states have used to monetize key energy assets.
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