Craig R. Nethercott

Mr. Nethercott’s experience includes representing: 

Oil and Gas  

• Middle East national oil company in connection with the development and financing of a world-scale carbon capture project
• The sponsors, led by TotalEnergies, in connection with the US$20 billion financing by several ECAs of the development of an LNG Project in Mozambique. The transaction was named Global Multilateral Deal of the Year of 2020 by Project Finance International
• The ECAs (SACE and Euler Hermes) in connection with the brownfield expansion of an ammonia plant in Egypt
• The underwriters in relation to the US$29.4 billion IPO and listing of Saudi Arabian Oil Company (Saudi Aramco) on Tadawul – the largest IPO of all time
• The underwriters in connection with the establishment of Saudi Aramco’s GMTN program and the issuance of US$12 billion under the program
• Export Credit Agencies (K-Exim, K-Sure, SACE, UKEF, and Atradius) and the commercial banks in the financing of the US$6.25 billion Clean Fuels Refinery Project in Kuwait
• The underwriters in connection with SABIC’s US$2 billion notes offering
• nogaholding (the Bahrain national oil company) in connection with the establishment of its US$3 billion GMTN program and subsequent conventional and Shari’ah compliant issuances thereunder 
• The ECAs and Lenders in connection with the financing of the Duqm Refinery in Oman operated by OQ and Kuwait Petroleum
• SABIC in the financing of a Nexlene PE joint venture with SK Global Chemical
• Commercial lenders in connection with the acquisition financing of the Sadara tank farm facilities in Saudi Arabia by SABIC
• Saudi Aramco in the financing of the US$9.9 billion Rabigh Refinery and Petrochemical Project in Saudi Arabia
• Qatar Petroleum in the financing of the QGII, QG3, and QG4 LNG trains in Qatar
• The commercial lenders in the financing of the Nigeria LNG Plus expansion project

Sovereign Representation  

• A Middle Eastern sovereign wealth fund in connection with its debut US$11 billion international debt facilities
• The Kingdom of Saudi Arabia in connection with its US$17.5 billion debut 144A sovereign bond issuance and subsequent US$9 billion debut sovereign Sukuk  
• The underwriters in connection with the US$4 billion debut sovereign Sukuk offering by Qatar  
• The Kingdom of Saudi Arabia in connection with its US$10 billion commercial lender sovereign facility      

Metals and Mining  

• Acting on the financing of numerous greenfield smelters and expansion projects, including Mozal I and Mozal II (Mozambique), Sohar (Oman), Rusal Khaz (Russia), EMAL (UAE), Qatalum (Qatar), Sarawak (Malaysia), and Alba (Bahrain)
• The commercial banks on the SAR11.4 billion refinancing for Maaden Phosphate Company in Saudi Arabia
• Bin Jarallah Group in the financing of a seamless steel pipe plant in Saudi Arabia
• Norsk Hydro in connection with the financing of aluminum and alumina assets acquired from Vale in Brazil
• Sohar Aluminum in connection with the original financing of the development of an aluminum smelter in Oman (and the subsequent refinancing of same)
• Aluminum Bahrain in connection with the US$3 billion Line 6 Expansion (6th potline and 1792 MW power plant) financing

Power and Water  

• GDF Suez, Sumitomo Corporation, and Al Sagar in connection with the US$1.4 billion financing of the 1500MW and 107 MGPD IWPP in Kuwait
  Citi, BNPP, Mizuho, Standard Chartered, and NBAD as underwriters in connection with the US$825 million 144A bond refinancing of the Shuweihat 2 Ruwais power and water plant in Abu Dhabi
• Commercial lenders in connection with the US$1.3 billion Al Durr power plant in Bahrain
• Commercial and Islamic finance parties in connection with the PP-11 1750 MW IPP in Saudi Arabia
• Commercial lenders and Islamic finance parties in connection with the Rabigh IPP in Saudi Arabia
• Commercial lenders, K-Exim and K-Sure financing provided to Saudi Electricity Company in connection with the Rabigh 6, Jeddah South, and Shuqaiq power plants in Saudi Arabia

Telecommunications  

• Mobily (Etihad Etisalat) in connection with its initial mobile license financing and all of its other financings arrangements since the formation of the company in 2004
• Commercial and Islamic finance parties in connection with the US$7.5 billion financing provided to Zain KSA the third mobile licensee in Saudi Arabia
• Etisalat Misr in connection with the financing of its mobile license in Egypt
• COFACE and the commercial lenders in connection with the US$586 million constellation satellite financing provided to Globalstar

Transport  

• Nakilat (Qatari LNG shipping) in connection with their US$5 billion debt program
• The commercial lenders in connection with the Salalah Port expansion in Oman
• The international development institutions in connection with the expansion of the Colombo Port in Sri Lanka  
• The commercial and Islamic finance parties in connection with the expansion and upgrade of the Hajj Terminal Concession project in Saudi Arabia  
• SBG, ADP, and Lamak in connection with the consortium bid for the Madinah airport concession