Blackstone, Brookfield, KKR form $16 billion Kuwait oil infrastructure joint venture

Corporate ActionCommodity Impact 4
โดย Seeking Alpha·Read original
Summary · why it matters

Blackstone, Brookfield, and KKR have entered into a $16 billion infrastructure partnership with Kuwait Oil Company through a joint venture. The deal involves a 20.5-year lease-and-lease-back agreement covering all of KOC's domestic and export pipeline network, with the joint venture receiving a volume-based tariff in return. Kuwait Oil will hold a 51% majority stake in the joint venture, while the three private equity firms together own the remaining 49%. The joint venture is projected to generate upfront proceeds of $7.85 billion for KOC and support its target of reaching four million daily barrels of crude oil by 2035.

Impact on stocks 4

Financials▲ · 1 stocks
Brookfield Asset Management Ltd.
BAM
▲ PositiveCapitalrelevance

Brookfield Asset Management is a participant in the $16 billion Kuwait oil infrastructure JV, generating fee income and investment returns.

Artificial Intelligence▲ · 1 stocks
Blackstone Group Inc
BX
▲ PositiveCapitalrelevance

Blackstone is a participant in the $16 billion Kuwait oil infrastructure JV, generating fee income and investment returns.

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR is a participant in the $16 billion Kuwait oil infrastructure JV, generating fee income and investment returns.

Energy Transition & Power Demand▲ · 1 stocks
Brookfield Corp
BN
▲ PositiveCapitalrelevance

Brookfield Corp, as parent, benefits indirectly from the JV through its subsidiary Brookfield Asset Management.

Theme Impact 1

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