X

Reset Password

Username:

Change Password

Old Password:
New Password:
We have completed your request.
Nabil L. Khodadad

Nabil L. Khodadad Partner, Energy Transactions & Projects

Based in the firm’s London office, Nabil is global co-head of the Project Finance practice, and heads the firm’s Middle East and CIS practices. He has been based in London for more than two decades and has extensive experience in project finance and privatizations. Nabil has advised on oil and gas, pipeline, petrochemical, mining and metals, power, port, and other projects in more than 35 countries. He has also served on the Documentation Committee of the Loan Market Association (LMA).

Nabil has been ranked as a leading project finance lawyer by Chambers and Partners in the Chambers UK Guide (2007 to 2019). He has also been ranked as a “Leader in their Field” in international mining by Chambers UK (2011 to 2015).

Experience Highlights

  • STAR Rafineri A.Ş. a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR) and its sponsors on the development and financing of a $6 billion greenfield oil refinery in Turkey on the Aegean Sea. This is the largest project financing in Turkey and involves the largest and most diverse group of ECAs for any multi-source financing in Turkey to date. The STAR project sets new benchmarks for project financings in Turkey in terms of amount and tenor of facilities. The Project won 10 awards including Infrastructure Journal’s “European Oil and Gas Deal of the Year 2014”
  • A joint venture among Korean Gas Corp (KOGAS), Lotte Chemical, STX Energy, and Uzbekneftegas, on the development of the approximately $4 billion Surgil upstream gas and petrochemicals project and the Asian Development Bank, KEXIM, and KSure-led financing thereof; Project Finance International’s “Petrochemical Deal of the Year 2012”, Infrastructure Journal’s “Oil and Gas Deal of the Year 2013”, The American Lawyer’s “Global Finance Deal of the Year: Project Finance (Asia) 2014”, and the largest project financing in Central Asia
  • Uzbekistan GTL on the construction, development and financing of a $3.6 billion gas to liquids project in the Kashkadarya Region, close to Karshi, in the Republic of Uzbekistan. This project is financed by or under the cover of several export credit agencies, development banks and commercial banks, including China Development Bank, KEXIM, KSure, EXIAR and Gazprombank
  • SOCAR GPC on its proposed multibillion dollar development and financing of a gas processing plant and petrochemicals facility in Azerbaijan
  • Eurochem on the approximately $1 billion construction and ECA-led financing of an ammonia complex in Russia
  • Nauticol Energy on the financing and development of the Becancour Methanol project in Quebec, Canada 
  • Nauticol Energy on the financing and development of a methanol project in Alberta, Canada 
  • SOCAR Turcas Petrokimya AS on a $1 billion loan facility arranged by Credit Suisse to refinance an existing acquisition loan facility and to finance the final installment of the purchase price for Petkim Petrokimya Holding AS
  • Eskom on a $3.75 billion World Bank loan to finance the construction of the Medupi coal-fired power plant and an associated transmission line, a wind power plant, and a solar power plant
  • SOCAR Polymer on the approximately $800 million development and  financing of facilities for the production of polypropylene and high-density polyethylene in the Republic of Azerbaijan

Oil, Gas & Petrochemicals

  • Equinor (formerly Statoil) in connection with the proposed development and financing of the approximately $20 billion Phase 1 of the Shtokman gas, condensate, and LNG project with Gazprom and Total
  • A State-owned oil company and an Asian investor on the construction and financing of multibillion dollar Mubarek petrochemicals project in Uzbekistan
  • Azerbaijan (ACG) Ltd, a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), on a $750 million loan facility arranged by BNP Paribas to finance its share of investment in the Azeri, Chirag, and deepwater Gunashli offshore oil and condensate fields; Project Finance magazine’s “European Oil and Gas Deal of the Year” for 2006
  • SOCAR on its issuance of $500 million 5.45% Notes due 2017. The transaction marked SOCAR’s first Eurobond issuance and the first international Eurobond offering out of Azerbaijan
  • The EBRD on the $350 million financing of LuKoil’s and the State Oil Company of the Azerbaijan Republic’s investments in the Shah Deniz Gas Field and the South Caucasus Gas Pipeline
  • SOCAR on separate $480.5 million and $300 million syndicated financings arranged by ABN AMRO, BNP Paribas and Société Générale backed by oil receivables
  • Preem Petroleum AB in connection with an approximately $3.5 billion syndicated financing arranged by Skandinaviska Enskil Banken AB and Svenska Handelsbanken AB with respect to its refineries in Sweden
  • IFC in connection with its financing for the revamping, modernization, and startup of S.C. Petrotel-Lukoil’s refinery in Romania

Mining & Metals

  • A large international mining company in connection with the development and financing of a multibillion dollar integrated iron ore and rail project in west Africa
  • European Goldfields, a TSX and AIM-listed company, on a proposed $600 million loan facility to be provided by Qatar Holding LLC, the investment arm of Qatar's sovereign wealth fund, and a $150 million loan note facility to finance the development of the Skouries and Olympias gold projects in Greece
  • The EBRD in connection with an equity investment in GV Gold, a Russian mining company
  • Newmont Mining Corporation on the IFC-led financing of the Ahafo gold mining project in Ghana, the IFC’s first major mining project after its Extractive Industries Review
  • The Al Ghurair Group in connection with the sale of a key stake in Al Ghurair Iron & Steel, the first steel cold rolling and galvanizing complex in the UAE, to Nippon Steel Corporation, Japan’s largest steel maker
  • Billiton on its acquisition, together with Glencore and Anglo American, of Cerrejon Zona Norte, a Colombian company with an interest in the Cerrejon Norte Coal Deposit, for $476 million
  • Billiton on its acquisition of an equity stake in Carbones del Cerrejon, a Colombian company with rights to the Cerrejon Central and Oreganal Coal Deposits
  • Zarafshan-Newmont, a joint venture between the State Committee on Geology and Mineral Resources, Navoi Mining and Metallurgical Combinat and Newmont Mining Corporation, on the EBRD-led financing of its project to heap leach gold bearing ore stockpiled near the Muruntau Mine in Uzbekistan and subsequent refinancings of such project; this was a Project Finance International “Deal of the Year”

Power

  • A European/Asian joint venture on its proposed development and financing of the approximately $1 billion Namakhvani hydroelectric project in Georgia
  • A developer in connection with a power project in Yemen
  • CDC Globeleq on the gas supply arrangements in connection with its acquisition of AES’ interest in the Songo Songo gas to electricity project in Tanzania
  • IFC in connection with the financing of the Pamir I hydroelectric electric power generation and distribution project in the Gorno-Badakhshan region of Tajikistan
  • WestPac, as sole arranger of project financing for the Carland Cross Wind Farm, the first limited recourse financing of a wind farm in the UK

Other

  • A Turkey-based petrochemical company in connection with the construction, financing, and operation of a container port on the Aegean coast of Turkey
  • Capmark Financial on the sale of a portfolio of real estate loans to GE for approximately $1.8 billion
  • Jazztel plc, a competitive local exchange carrier, on a €200 million syndicated revolving credit and performance bond facility which was arranged by JP Morgan plc to finance the build-out of its network in Spain
  • Alghanim Industries of Kuwait in connection with a loan facility arranged by HSBC to finance the acquisition of Izocam from the Koc Group
  • Société Générale as arranger of financing for the acquisition of two Boeing 767s


Contact Details

London

T +44.20.7065.6057
M +44.780.817.6087
nkhodadad@velaw.com
20 Fenchurch Street
24th Floor
London EC3M 3BY
United Kingdom
Local time: 12:14 PM
Download vCard

Download Biography

V&E+

Related News

View More News

Nabil's Practices

  • University of Chicago Law School, J.D., 1985
  • Northwestern University, B.A. with Honors, 1982
  • Admitted to practice: Solicitor of the Senior Courts of England and Wales; Illinois
  • Chambers UK, Projects (UK-wide), 2014−2019
  • Legal Media Group’s (Euromoney’s) Expert Guide to Energy and Natural Resource Lawyers2013, 2016 and 2017
  • Euromoney Institutional Investor PLC, IFLR1000: The Guide to the World’s Leading Financial Law Firms, Project Finance, United Kingdom, 2018
  • Chambers Global, Projects (UK), 2013, 2016–2019; General Business Law: Uzbekistan (Expert Based Abroad), 2013, 2016–2019; Energy & Natural Resources (UK), 2013, 2016–2017
  • Chambers UK, Energy & Natural Resources (UK-wide), 2015
  • Chambers UK, Energy & Natural Resources: Mining International (UK-wide), 2015
  • Legal 500 UK, Projects, Energy and Natural Resources: Oil & Gas, 2013, 2015, 2016 and 2018
  • Selected to the London Super Lawyers list, Super Lawyers (Thomson Reuters)2013 and 2015
  • Best Lawyers UK (Woodward/White, Inc.), Energy & Natural Resources and Projects, 2014, 2017−2019
  • Chambers UK, Energy & Natural Resources (UK-wide), 2014
  • Chambers UK, Energy & Natural Resources: Mining International (UK-wide), 2014
  • Chambers UK, “Leader in their Field” – Projects (UK-wide), 2014
  • Chambers UK, “Leader in their Field” – Energy & Natural Resources: Mining: International (UK-wide), 2014
  • Ranked as one of “The Top 100” lawyers in London, London Super Lawyers (Thomson Reuters), 2013
  • Chambers UK, “Leader in their Field” – Projects, 2013
  • Chambers UK, “Leader in their Field” – Energy & Natural Resources: Mining: International, 2013
  • UK Best Lawyers, nominated as a “UK Best Lawyer” (Woodward/White, Inc.), Energy & Natural Resources, 2013
  • Guide to the World’s Leading Banking, Finance and Transactional Lawyers, nominated as “The World’s Finest Lawyer Chosen by Their Peers,” 2013
  • Best Lawyers UK (Woodward/White, Inc.), Projects – Energy, 2012
  • Former Member: Documentation Committee of the London Market Association (LMA) 

Solicitors and Registered Foreign Lawyers. A list of partner names is available for inspection at 20 Fenchurch Street, 24th Floor, London, EC3M 3BY. Vinson & Elkins RLLP is a limited liability partnership formed under the laws of New York authorised and regulated by the Solicitors Regulation Authority (No. 0079019).