Kuwait’s KPC signs $16 billion lease and leaseback deal with Blackstone, KKR, Brookfield for oil pipeline network

Kuwait Petroleum Corporation, known as KPC, has officially signed a lease and leaseback agreement valued at $16 billion. This significant financial arrangement involves a consortium of global investment firms, specifically Blackstone, KKR, and Brookfield. The deal focuses on the management and financing of the oil pipeline network. This strategic move allows KPC to leverage its infrastructure assets through these major investment partners to optimize the operational and financial framework of its pipeline systems.