US EditionKKR Acquires Minority Stake in Adnoc Gas Pipeline Assets
KKR deepens its stake in ADNOC’s gas pipeline network, which supplies over 60% of UAE’s gas demand, enhancing long-term infrastructure income in the Middle East.
- On Wednesday, KKR acquired a minority stake in the lessor of Abu Dhabi National Oil Company’s gas pipeline assets, with deal value and stake size undisclosed.
- KKR, which manages $90 billion in infrastructure assets, has operated in the Middle East for more than 15 years and appointed David Petraeus, KKR Middle East chairman, earlier this year.
- In 2019, KKR-BlackRock bought a 40% stake in ADNOC oil pipelines for $4 billion, while ADNOC's network, which includes 38 pipelines and two export terminals, links upstream assets and meets over 60% of UAE's gas needs.
- The investment strengthens KKR's strategic partnership with ADNOC and reflects confidence in Abu Dhabi as an investment destination, structured through managed accounts to deliver long-term income.
- Regional governments have sought such partnerships to tap institutional capital while maintaining control, following Saudi Aramco's $11 billion lease and Kuwait’s national oil company reviving a pipeline lease project last month.
12 Articles
12 Articles
KKR takes stake in Abu Dhabi’s ADNOC
KKR acquired a minority stake in the lessor of ADNOC’s gas pipelines as the global investment firm makes a Gulf push and appetite grows among the region’s energy majors to do deals with foreign investors. Under Middle East Chairman David Petraeus, KKR has been adding headcount and eyeing infrastructure in the region. The company, with $90 billion in global infrastructure assets, this year acquired a stake in Dubai-based Gulf Data Hub and committ…
Global Investors Flock to Middle East Infrastructure Opportunities
Global investment firm KKR has acquired a minority stake in ADNOC Gas Pipeline Assets LLC, the gas pipeline network of Abu Dhabi’s national oil company, in a move signaling growing investor confidence in infrastructure opportunities in the oil and gas-rich Middle East. The new investment, the value of which was not disclosed, strengthens KKR’s long-term strategic partnership with the Abu Dhabi National Oil Company (ADNOC), and reflects the firm…
KKR Makes Deeper Inroads Into Abu Dhabi With Gas Pipelines Deal
Buyout giant KKR & Co. has bought a minority stake in Abu Dhabi National Oil Co.’s gas pipeline network, marking its second deal of the year in a region that’s increasingly becoming a magnet for global capital.
KKR Buys Stake in Abu Dhabi Gas Pipeline Assets, Deepening Gulf Infrastructure Push
KKR Buys Stake in Abu Dhabi Gas Pipeline Assets, Deepening Gulf Infrastructure Push Daniel Onyango Thu, 10/02/2025 - 11:48 Global investment firm KKR has acquired a minority stake in the entity that leases the gas pipeline assets of the Abu Dhabi National Oil Co. ( ADNOC ), continuing a trend of Gulf nations seeking foreign institutional capital for critical infrastructure. Announced on Wednesday, October 1, the investment is being made through…
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