Macquarie Exits $7 Billion Kuwaiti Oil Pipeline Deal
Macquarie has exited a $7 billion Kuwaiti oil pipeline deal due to the Iran war. The move reflects cooling investor interest in the volatile Gulf region.
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The Australia-based infrastructure investor MACQUARIE GROUP LTD has reportedly withdrawn from a bidding process for a stake in the oil pipeline network of Kuwait, a deal estimated to be worth up to $7 billion. Sources familiar with the matter indicate that the decision was driven by the ongoing conflict involving Iran and the resulting regional volatility, making the firm one of the first major investors to pull out of a Gulf-based deal due to the war.
