Blackstone, Brookfield, and KKR to invest $16 billion in Kuwait oil pipeline network. The investors will acquire a 49% stake in a joint venture with Kuwait Oil Company, which will have a 20.5-year lease on the pipelines and lease them back to the state oil company.
Blackstone, KKR invest in Kuwait pipelinesKuwait, which raised a $6 billion bond recently, is trying to attract more Wall Street firms and foreign investors as it works to develop its domestic economy.www.semafor.com