Kuwait Oil will enter joint venture with the three global giants in a lease-and-leaseback structure for a 20.5-year period that includes a volume-based tariff.

Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR

Kuwait Petroleum Corporation has signed a significant $16 billion deal for its crude oil pipeline network. This landmark agreement involves a consortium of global funds, including…

Upfront proceeds of $7.85bn to be used by Kuwait Oil Company to boost crude output