We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Kuwait Petrol SIgns $16bn Joint Venture Deal
July 27, 2026
– Vandit P
Kuwait Petroleum Corporation (KPC) signed a $16bn sale and lease back deal for its crude oil pipeline network with a consortium comprising Blackstone, Brookfield Asset Management, and KKR. This marks the largest foreign direct investment in the state-owned Gulf firm. Under the transaction, Kuwait Oil Company (KOC), its unit, is establishing a JV with the three investors in a 20.5-year sale-and-leaseback structure that incorporates a volume-based tariff. The deal follows similar pipeline fundraisings by Aramco, ADNOC, and Bapco Energies, as Gulf state oil companies and sovereign investors increasingly monetize infrastructure assets to fund domestic capital plans. Blackstone, Brookfield, and KKR will collectively hold a 49% stake in the joint venture while KOC retains 51% along with full ownership and operational control of the network. The transaction is expected to generate $7.85bn in upfront proceeds at closing, which will support KPC’s capital expenditure plans.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.