Kuwait’s KPC signs a $16 billion lease and leaseback deal for an oil pipeline network with Blackstone, KKR and Brookfield, according to multiple reports. The transaction is described as a large-scale arrangement involving the transfer of pipeline assets through a leaseback structure, with investors providing major upfront proceeds. NDTV reports the deal is record-setting and that it will generate $7.85 billion in upfront payments, while Kuwait’s KOC retains operational control over the pipeline network. Other outlets describe the same headline figures and the participating firms, without adding conflicting details on pricing or governance. Overall, the reporting indicates the agreement is structured to bring early cash into Kuwait’s project while leaving day-to-day operation with the Kuwaiti side. The sources cited focus on the deal size, the counterparties involved, and the upfront payment and operational-control split between investors and KOC.