KKR, Blackstone Lead $16B Kuwait Oil Pipeline Deal After Tariff Reversal
BX sits 29% above its 52-week low of $101.73.
Summary
Blackstone and KKR are leading a consortium to lease all of Kuwait's oil pipelines in a $16 billion deal, the largest foreign direct investment in the country's history. The joint venture, with Kuwait Oil Co. holding 51% and the consortium 49%, will operate 13 pipelines spanning 200 miles for 20.5 years. KOC receives $7.85 billion upfront, funding its 4 million barrel-per-day capacity target by 2035. The deal follows President Trump's reversal of a proposed Strait of Hormuz tariff after Middle Eastern nations agreed to boost U.S. investments. For Blackstone, this adds a massive, long-dated infrastructure asset with stable volume-based tariffs, diversifying its energy portfolio. The geopolitical tailwind and scale make this a material positive, reinforcing Blackstone's ability to source large, complex deals.
At the time of this announcement, BX was trading at $131.28 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $161.7B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.