Victor Mokrousov

International Partner*

Practice Description

Victor Mokrousov represents clients on a wide array of corporate, finance and regulatory matters in Kazakhstan.  His mergers and acquisitions experience includes acting for sellers and buyers in a large number of cross border transactions in the energy and mining sectors.  Mr. Mokrousov's financing experience includes acting for multilateral lenders, commercial banks and private equity funds on debt and equity financings in the energy, infrastructure and real estate sectors.  Mr. Mokrousov has also advised Kazakhstan based issuers on international capital markets offerings.  Earlier in his career Mr. Mokrousov participated in the privatization of state oil companies and in the drafting of commercial laws for Kazakhstan on a World Bank project. 

^{*Chadbourne & Parke Kazakhstan LLC is affiliated with Chadbourne & Parke LLP.}

Representative Matters

• Acted for the consortium of oil companies comprised of ExxonMobil, Shell, Total, Eni, ConocoPhillips and Inpex in relation to the development of the Kazakhstan Caspian Transportation System for the export of oil from Kazakhstan.
• Acted for China National Petroleum Corporation (CNPC) in relation to all stages of the Kazakhstan-China oil pipeline, including drafting and negotiation of the inter-governmental agreement, corporate and regulatory matters.
• Acted for CNPC in the $1.3 billion sale of 33% of the shares of PetroKazakhstan KazMunaiGas (KMG) and the post sale restructuring and acquisition of an interest in the Shymkent oil refinery by CNPC and KMG.
• Acted for the owners of Tarbagatay Munay LLP in connection with their agreements with Xinjiang Guanghui Industry Co. Ltd, including an oilfield development project, construction of a cross border pipeline and development of a LNG processing facility in China.
• Advised Roxi Petroleum, a Kazakhstan-based oil exploration and development company, in connection with its acquisition of interests in exploration and production assets in Kazakhstan and the company's re-admission to the Alternative Investment Market of the London Stock Exchange. 
• Acted as special legal counsel in Kazakhstan for PetroChina in connection with its listing on the Shanghai Stock Exchange.
• Advised Baring Vostok, a leading private equity fund, on a combined debt and equity investment in Zhaikmunai LP, a London Stock Exchange listed entity operating a significant oil and gas producing field in Kazakhstan.
• Acted for the principal shareholders of a Kazakhstan oil company in its US$430 million sale to a Chinese oil and gas company including escrow arrangements and advice on the tax structure for the transaction.
• Advised a major European oil company in several projects to explore and develop major hydrocarbon reserves in Kazakhstan, including production sharing agreement (PSA) drafting and negotiation and advice on farming into existing petroleum projects.
• Advised  Companhia Vale do Rio Doce (CVRD), a major Brazilian mining company, in connection with the acquisition of a controlling interest in a UK company that holds exploration and mining rights in a copper project in Kazakhstan.
• Advised a large European electricity producer on the development of a coal fired power plant in Kazakhstan.
• Acted for China Datang Overseas Investment Company, China's largest power company, in the formation of a joint venture for the construction of two hydropower plants in Kazakhstan.
• Acted for the European Bank for Reconstruction and Development (EBRD) in connection with a EUR255 million loan to the Kazakhstan Electric Grid Operating Company (KEGOC) for the purpose of financing the second phase of the modernization of KEGOC's substations and high-voltage equipment.
• Acted for EBRD in connection with its EUR46 million equity investment in Central-Asian Electric Power Corporation, the funds to be used for the upgrade and rehabilitation of CAEPCo's generation and distribution facilities.
• Acted for EBRD on its US$40 million loan to JSC Pavlodarskiye Teploviye Sety and LLP Pavlodarskiye Teploviye Sety in respect of the modernization of the city domestic heating systems in Pavlodar and Petropavlovsk in northern Kazakhstan.
• Acted for EBRD in connection with its US$30 million loan to PavlodarEnergo in Kazakhstan to upgrade its coal fired combined heat and power plant to improve efficiency and help address the growing demand in the Pavloadar region in North East Kazakhstan.
• Acted for EBRD in connection with its US$32 million loan to, and US$10 million equity investment in, Balykshy for the purpose of financing a marine support and supply base in the Bay of Bautino in Kazakhstan.
• Acted for EBRD and HSBC in connection with a US$42 million secured loan to Karcement in Kazakhstan, to support the expansion and modernization of the Karaganda cement plant.
• Acted for the Eurasian Development Bank (EDB) in connection with its US$21.5 million loan to APK Invest to refinance an existing loan obtained from a commercial bank.
• Acted for EDB in connection with its KZT2.7 billion and US$18.9 million loans to Kazexportastyk for the purpose of developing grain export infrastructure in Kazakhstan.
• Acted as Kazakhstan counsel for Morgan Stanley with respect to the extension of loan facilities to KMG and several leading Kazakh banks including Halyk Bank, Alliance Bank and Bank Center Credit.
• Advised a large Kazakh bank on a financing secured by an extensive security package, including a mortgage of oil tankers located in the Caspian Sea.
• Advised a number of foreign and national companies operating in the oil & gas, mining and consumer products sectors in connection with antimonopoly filings in Kazakhstan.
• Advised numerous multinational companies on Kazakhstan anti-corruption law requirements, including the development of internal gift policies, risk assessment and compliance guidelines in connection with specific events involving interaction with government officials.

Honors

Activities and Affiliations

Publications

Speeches and Events

Mr. Mokrousov frequently speaks at energy conferences on Kazakhstan law developments.