Reported Saturday, Kuwait Oil Company To Lease Pipeline Network In $16B JV, Blackstone, Brookfield And KKR Take 49% Combined Stake
Kuwait Oil Company ("KOC") is establishing a new joint venture ("JV") with three leading global investors in a lease and leaseback structure for a 20.5 year period that includes a volume-based
Kuwait's oil company is teaming up with three big investment firms to manage its pipelines for 20 years in a deal worth $16 billion. This shows major investors believe in long-term energy infrastructure, which hints the company thinks its oil business is stable and valuable.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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