The three major private equity giants enter the Kuwait oil pipeline sector, with a $16 billion project implemented.
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Glonghui, July 28—Blackstone, Brookfield, and KKR will invest $16 billion in Kuwait's oil pipeline network. The investors will establish a joint venture with Kuwait Petroleum Corporation and acquire a 49% stake in the joint venture. The joint venture will obtain a 20.5-year lease for the pipelines, after which the pipelines will be leased back to the state-owned oil company.
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