Shuxrat Akramov
Financial practice
Professional Profile
Shukhrat Akramov is a Partner of the Financial practice.
He specializes in project and corporate financing of investment projects, as well as banking and financial transactions and export–import operations.
Shukhrat has extensive professional experience gained while working with the following organizations: Almalyk Mining and Metallurgical Combine JSC — Yoshlik-I Deposit Development Project (COF-3, serving as Deputy Director for Finance; JV LLC “Uzbekistan GTL” — GTL synthetic fuel plant construction project, as Head of the Financing Attraction Department; LLC “Uzbekistan GTL” — as Head of Business Development and Localization Department; LLC “Shurtan Gas Chemical Complex” — Production Capacity Expansion Project, as Head of the Financing Attraction Department; JSC “Uzkimyosanoat” — as a Financial Consultant.
Education
- Bachelor’s Degree in Economics, Westminster International University in Tashkent (WIUT), 2009
Key Experience
- Advising JSC “Uzbekneftegaz” in connection with the sale of three GTL plant units of Uzbekistan GTL to Air Products for a total value of USD 1 billion, including: drafting and negotiating the sale and purchase agreement
- development, updating, and refinement of the transaction’s financial model
- drafting and defending the Cabinet of Ministers resolution before the Ministry of Energy, Ministry of Finance, and Ministry of Investments and Industry of Uzbekistan
- fulfillment of conditions precedent for receipt of payment under the concluded agreement.
- Advising Almalyk Mining and Metallurgical Combine JSC on raising USD 3.2 billion in loans and borrowings for the COF-3 project, including:development of the project financing strategy
- development of the project financial model jointly with Boston Consulting Group
- execution of a USD 1 billion loan agreement with Gazprombank JSC under a long-term offtake agreement
- execution of a EUR 712 million loan agreement with VEB.RF
- execution of an EPC contract with deferred payment terms for supplied equipment amounting to USD 353 million
- execution and drawdown of funds from the Reconstruction and development Fund of Uzbekistan in the amount of USD 1 billion
- drafting and defending a Cabinet of Ministers resolution to fulfill conditions precedent for loan drawdowns.
- Advising JV LLC “Uzbekistan GTL” on raising USD 2.3 billion in financing from international financial institutions under export credit agency (ECA) insurance coverage, including:drafting, negotiating, and concluding the Common Terms Agreement (CTA) and individual Facility Agreements (FA) with a banking syndicate (MUFG, Credit Suisse, SMBC, Woori Bank, Mizuho, Gazprombank, Roseximbank, China Development Bank) and ECAs (KEXIM, K-SURE).