Projects
Global Guide 2024 : UK
Band 2
Contact number
(020) 7065 6000About
Provided by Vinson & Elkins LLP
*V&E has a diverse worldwide project development and finance practice, with particular depth of experience in energy and construction projects. This includes experience in the development and financing of petrochemical plants, refineries, oil and natural gas fields, pipelines, LNG and LPG facilities, power plants, metals and mining projects, ports, railways, telecommunications, roads, water systems and other infrastructure and construction projects.
*Our London-based projects team has a distinguished international projects practice, with a particular focus on the emerging markets and in more difficult and challenging jurisdictions. V&E’s leading energy, projects and infrastructure practice has advised on a number of US$1 billion+ projects in recent years.
*For example, V&E has a strong relationship with the State Oil Company of the Azerbaijan Republic (SOCAR) and is currently advising the project company on the approx. US$ 4.5 billion SOCAR GPC Project in Azerbaijan. The sponsors intend to finance the GPC Project on a non-recourse basis with financing from Asian and European financiers. V&E also recently advise EuroChem, a Russian ammonia company, on the approx. US$ 1 billion development and financing of the Baltic Ammonia Project, involving financing from a number of European financial institutions under the cover of SACE.
Chambers Review
Vinson & Elkins demonstrates strong credentials in oil, gas and petrochemical projects, as well as transport and water developments. The firm is called upon for its adept handling of transactions involving upstream and downstream assets, as well as chemical plants and independent power projects. The team is able to advise on projects in often challenging international jurisdictions. The firm is skilled in project financing and restructuring. It works with a wide range of clients including state-owned entities, project companies and lenders.
Work Highlights
- Vinson & Elkins represented OCI Clean Ammonia in all aspects of the development of a synloop blue ammonia production facility in Beaumont, Texas.
Strengths
Provided by Chambers
"The V&E team has consistently shown a solid understanding of the commercial substance of our transactions."
"The team looks to provide solutions rather than create problems, which is extremely important."
"Commercial awareness is one of the strongest part of the V&E team. They listen to the commercial rationales in detail to provide solutions."
"The V&E team has consistently shown a solid understanding of the commercial substance of our transactions."
"The team looks to provide solutions rather than create problems, which is extremely important."
"Commercial awareness is one of the strongest part of the V&E team. They listen to the commercial rationales in detail to provide solutions."
Notable Practitioners
Nabil Khodadad serves as the global head of project finance for the firm. He frequently advises on the project financing of oil and chemical plant developments in Canada, Turkey and the CIS.
"He's a great lawyer. He's very easy to work with and works hard to find common ground on difficult issues."