|BEST AT PROJECT FINANCE: BNP Paribas
BEST INVESTMENT BANK: JPMorgan
BEST M&A HOUSE: Citigroup
Xavier Venereau, head of the European oil and gas group, says: “The deal was a big success. We syndicated it very quickly. The transaction really helped open up the Azeri financial market.” ABN Amro also deserves credit for its trade finance deals in Azerbaijan, such as the transaction it helped arrange for Azerbaijan Airlines to acquire four Airbus A319 airplanes.
BNP has also been active in Kazakhstan, doing several deals for KazMunaiGaz and its subsidiaries, as well as for independent oil companies like Nelson Resources. For example, it set up a $600 million bridge facility for KazTransGaz, together with ABN Amro.