Kuwait's KPC says $16 bln Project Peregrine includes Blackstone, Brookfield, KKR
25/07/2026 06:34
Kuwait's KPC says $16 bln Project Peregrine includes Blackstone, Brookfield, KKR DUBAI, July 25 (Reuters) - Kuwait Petroleum Corporation (KPC) said on Saturday that Project Peregrine, valued at $16 billion under a lease-and-leaseback agreement, includes Blackstone, Brookfield and KKR as long-term partners and is expected to generate $7.85 billion in upfront proceeds at closing.
KPC described the project as the largest foreign direct investment in Kuwait's history.
(Reporting by Ahmed Elimam and Eman Abouhassira; Editing by Kim Coghill)
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