Brookfield, GIP Defy War to Advance $7.5 Billion Kuwait Deal

June 9, 2026, 9:14 AM UTC

BlackRock Inc.’s Global Infrastructure Partners and Brookfield Asset Management Ltd. are among private equity firms shortlisted to buy a stake in a Kuwaiti pipeline network, indicating sustained interest for marquee Gulf assets despite a monthslong war that’s impacted regional production and roiled energy markets globally.

Kuwait Petroleum Corp. also picked other contenders to proceed to the next round of bidding, including EIG Global Energy Partners LLC, Apollo Global Management Inc. and KKR & Co., according to people familiar with the matter, who declined to be identified as the information is confidential.

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