The Deal That Shook the Gulf
Hey energy fans, check this out. Kuwait just pulled off the wildest infrastructure deal the Gulf has seen in ages.
KPC’s oil arm KOC locked in a $16 billion lease-and-lease-back on its whole domestic and export pipeline network with Blackstone, Brookfield and KKR.
How the Cash and Control Flow
A brand-new Kuwaiti JV grabs the usage rights to all 13 pipelines (about 320 km). Then it hands exclusive operating and maintenance rights straight back to KOC for 20.5 years in exchange for a volume-based tariff.
KOC keeps 51 percent ownership and full control while the three giants share the other 49 percent equally. Upfront cash hits $7.85 billion and fuels the push toward 4 million barrels a day by 2035.
