Oil & Gas

• Chappal Energies Mauritius Limited in connection with their acquisition of Equinor Energy Nigeria Limited from the Equinor Group and acquiring from TotalEnergies EP Nigeria Limited its 10% interest in certain oil & gas assets within the SPDC JV in the Niger Delta region of Nigeria.
• The sponsors, QatarEnergy and Chevron Phillips Chemical Co, in connection with the US$4.4 billion financing of a world scale integrated polymers complex in Ras Laffan, Qatar, involving financing from commercial and Islamic facilities as well as ECA financing. One of the largest financings to close in the region in 2023.
• SANEG, Uzbekistan's largest oil company, on the SACE covered facility in relation to an innovative methanol-to-olefin gas chemical complex, that is currently under construction in the Bukhara region of Uzbekistan.
• Saudi Aramco in connection with a US$10 billion term loan facility and a further US$10 billion facility with an accordion feature allowing the flexibility to increase to USD15bn.  The latter facility consists of a conventional revolving credit facility featuring a Swingline facility option and a Murabaha facility.
• Saudi Aramco, as seller, joint-venture partner and offtaker, on the divestment, development and operation of the US$12.1 billion, largest Integrated Gasification and Combined Cycle (IGCC) project worldwide, located in Jazan, Saudi Arabia.  Awarded "Global Deal of the Year" at the Project Finance International (PFI) Awards.  It was also recognized as "MENA Hybrid Energy Deal of the Year" by IJ Global.
• Yanbu Aramco Sinopec Refining Company (YASREF) Limited in connection with refinancing the US$4.7 billion conventional and Murabaha facilities and a US$350 million Murabaha working capital facility.
• ING, UniCredit and SACE in connection with the financing of the Volgafert urea plant in Russia.
• Vitol on a path-finder prepayment agreement.
• The sponsors (i) QatarEnergy and ExxonMobil on the US$10.3 billion Barzan Gas Project, (ii) QatarEnergy and Shell on the US$6 billion Qatargas 4 LNG project financing, (iii) QatarEnergy, Mitsui, and ConocoPhillips on the US$5.8 billion Qatargas 3 LNG project financing, (iv) and QatarEnergy and ExxonMobil on the project financing for the US$6.5 billion Qatargas 2 project.
• Kumul Petroleum Holdings Limited in their acquisition from Santos of a further stake in PNG LNG (Papua New Guinea), part financed through a prepayment agreement and related SPA with a major commodities trader.
• The lenders (comprising seven DFIs and international and local banks) in connection with the US$1.2 billion financing of the Indorama Eleme fertilizer project in Rivers State, Nigeria which was named "African Petrochemical Deal of the Year" by Project Finance International.
• IFC and a syndicate of around 20 development financial institutions and commercial lenders on the financing of the US$1 billion expansion of a world-scale urea fertilizer production facility near Port Harcourt, Nigeria.
• Chrysaor Holdings Limited in relation to a US$1.5 billion senior and US$400 million junior reserves based facilities as part of the acquisition of a diversified portfolio of oil and natural gas assets in the North Sea from Shell UK.
• EBRD, IFC and the commercial banks in the US$200 million reserve base lending facility to Cheiron Finance Limited.
• Lenders in the restructuring and up to US$500 million reserve based lending facility for Petroceltic International PLC in respect of assets in Algeria, Bulgaria and Egypt.
• Lenders on a US$550 million secured bridge finance and guarantee facility to finance the acquisition by Shoreline Natural Resources Limited, a joint venture of the UK-listed Heritage Oil Plc and local Nigerian partner Shoreline Power Company Limited, of a 45 percent participating interest in OML 30, a major producing oil mining lease in Nigeria, together with a 45 percent interest in other assets under the joint operating agreement for OML 30, including a segment of the Trans Forcados pipeline.
• Mandated lead arrangers comprising Natixis, Société Générale, London Branch, ING Belgium NV/ SA and Galena Commodity Trade Finance Master Fund Limited and Federated Project and Trade Finance Core Fund in connection with a senior secured reserve based facility to PetroChad Mangara Limited (a subsidiary of Caracal Energy Inc.) for up to US$250 million in relation to the acquisition of oil fields in the Republic of Chad.
• Saudi Aramco in connection with the potential implementation of a second phase expansion of the Rabigh Refining and Petrochemical Project, a joint venture with Sumitomo Chemical Co. Ltd. in Rabigh, Saudi Arabia.
• Saudi Aramco on the US$12.5 billion project financing of the world-scale integrated Sadara chemical complex in Jubail Industrial City, Saudi Arabia. The transaction involved financing from seven export credit agencies, including UKEF, Bpifrance, Euler Hermes, FIEM, KEXIM, K-sure and US Ex-Im Bank, a project Sukuk, as well as a diverse range of commercial banks and Islamic financial institutions.

Infrastructure

• Vale and Mitsui & Co Ltd. on the development and US$2.73 billion financing of the landmark Nacala Project, which includes (i) the construction of a new 201 km long rail line to connect Moatize mine in Tete to the existing railway line in Malawi at Nkaya Junction (ii) the rehabilitation of the existing line in the Malawi rail network and in Mozambique between Nkaya and Monapo, for an approximate length of 682km; (iii) the construction of a new branch line of 29km length which will connect the existing railway line and the port; and (iv) the construction of a new coal port terminal in Nacala-à-Velha.

Power

• Kalyon Enerji Yatırımları A.Ş. on a €249 million (US$272 million) UK Export Finance supported facility arranged by Standard Chartered Bank to finance the construction of solar power plants at seven separate sites across Turkey, the second-largest solar project in the country to date.
• UKEF in connection with the financing of Iraq’s power-up-programme.
• Investec and a group of lenders in connection with the refinancing of a 1200 MW CCGT in Saltend owned by Energy Capital Partners.
• Eskom in connection with the US$5 billion refinancing of facilities to be provided by China Development Bank in relation to coal fired power projects Medupi and Kusile.
• A group of Chilean and international lenders in the long-term project financing for Transmisora Eléctrica del Norte S.A.'s development of a 600 km electricity transmission line and related substations connecting Chile's central SIC and northern SING grids.
• IFC and the other lenders in connection with over US$200 million of financing for seven separate photovoltaic solar power projects in Jordan.

Metals & Mining

• Qatar Aluminium Limited on the US$1.2 billion facility to refinance its existing project finance debt.
• Qatar Petroleum on the initial public offering of 49% of the share capital of Qatar Aluminium Manufacturing Company (QAMCO) on the Qatar Stock Exchange.
• The lenders, including export credit agencies EDC, US Ex-Im, Bpifrance, Euler Hermes and K-Exim, in connection with the financing of Phase II of the US$10 billion Emirates Aluminium Project in the UAE. This deal was awarded the "Middle East Industrial Deal of the Year" by Project Finance International and was the largest financing in the mining sector that year.
• New World Resources group, the central European hard coal producer, on the restructuring of its balance sheet via a UK Scheme of Arrangement and a Rights Issue and Placing as well as its subsequent review of strategic options.

Other

• UKEF and lenders on a nuclear fuel financing for Energoatom National Nuclear Power Company State Enterprise in Ukraine.
• ACWA Power UKS Green H2 LLC JV in the pilot Uzbekistan green hydrogen project.
• The lender in an EKN backed US$158.22m facility for Axian Telecom. Proceeds will be used for purchasing telecom equipment from Ericsson for use in Tanzania.
• UK government in relation to the Framework Agreement with the Ukraine government in relation to the development of the capabilities of the Ukrainian Navy.
• UKEF and Barclays (as lead bank) in connection with the Sunseeker financing.
• UKEF and SCB (as lead bank) in connection with approximately EUR150 million direct and covered financing for the construction of a burns hospital in Angola.
• UKEF and SCB (as lead bank) in connection with approximately EUR135 million direct and covered financing for medical equipment and emergency vehicles in Senegal.
• Ovzon AB (publ) in connection with financing the construction and launch of a satellite.
• The lenders in relation to the provision of a US$225,203,000 credit facility to MEASAT International (South Asia) Ltd, a leader in satellite services, with credit support from Bpifrance.
• Abu Dhabi Islamic Bank as lead arranger and underwriter and a syndicate of banks on Dirhams 1.32 billion (US$360 million) Islamic Ijara facilities to Gulf Marine Services. This deal was the first Islamically-financed syndicated leveraged recapitalisation in the UAE, and was awarded "Syndicated Deal of the Year" by Islamic Finance News.
• The lender in an EKN backed euro facility that will be funded by SEK and relating to the purchase of 4G network components.