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CM - American institutional giants confirm ADNOC pipe deal - March 2019
KKR and fund management giant BlackRock will invest, through funds they manage, into Abu Dhabi National Oil Co.’s $4 billion midstream pipeline infrastructure, the company announced Feb. 25. A new entity called ADNOC Oil Pipelines will lease the oil company’s interest in 18 pipelines, transporting crude oil and condensates across ADNOC’s upstream concessions for 23 years. BlackRock will invest via its Global Energy & Power Infrastructure Fund and KKR through its third Global Infrastructure Investors Fund. The funds will form a......
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