Kuwait Secures Record-Breaking $16 Billion Pipeline Deal with Global Giants

Kuwait Petroleum Corporation (KPC) has announced a major infrastructure partnership involving its crude oil pipeline network. The US$16 billion lease-and-lease-back agreement with Blackstone, Brookfield, and KKR will give a consortium of international investors usage rights to all 13 pipelines spanning approximately 320 kilometers of Kuwait's pipeline network.

Under the terms of the agreement, a newly formed joint venture (JV) will grant back to KOC the exclusive use, operational, and maintenance rights in the pipeline assets for a 20.5-year period in exchange for a volume-based tariff.

KPC will maintain full ownership and operational control of the pipeline network, with the JV not imposing any restrictions on Kuwait's refining throughput or production volumes.