How Kuwait is raising $7.85 billion without selling its pipelines

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The $16 billion headline can make it sound as though Kuwait has handed its oil pipelines to private investors but Kuwait will continue to own and operate them. Kuwait Oil Company has agreed to create a new business with funds managed by Blackstone, Brookfield and KKR. The new business will receive usage rights covering 13 ... Read more The post How Kuwait is raising $7.85 billion without selling its pipelines appeared first on Market Business News .