KKR, BlackRock Set to Invest in ADNOC Pipeline Unit

From Bloomberg KKR & Co. and BlackRock Inc. agreed to invest $4 billion in Abu Dhabi’s oil pipelines, securing two decades of guaranteed returns and providing the Middle Eastern energy producer a cash injection to help diversify its economy. Abu Dhabi National Oil Co. will receive the payment upfront and the deal paves the way for similar investments, Sultan Al Jaber, chief executive officer[Read More...]

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