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Blackstone to open Kuwait office after $16B oil pipeline deal

Blackstone’s commitment to a physical presence in the country comes even as Kuwait, which hosts multiple U.S. military facilities, has faced repeated threats from Iran

Yasser al-Zayyat/AFP via Getty Images

Vehicles drive down a highway in the capital Kuwait City

Just days after agreeing to participate in a $16 billion oil pipeline partnership in Kuwait, marking the largest foreign direct investment in the country’s history, Blackstone announced it would open an office in the country.

The New York-based...