Kuwait CityKuwait sold 49% of its pipelines for $16bn.
Blackstone, KKR and Brookfield take a long-term lease over 320km of pipeline after nearly 1,400 Iranian missile and drone strikes forced Kuwait to raise war-repair capital.
The lease sets decades of tariffs and dividend priority; Kuwait Petroleum still owes its 4m-barrel 2035 target.
Sources: Financial Times News