Yanal Abul Failat

Biography

Yanal is a Senior Associate in the Corporate Commercial practice based in Dubai and a core member of Al Tamimi & Company’s Energy and Resources Practice Group.

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Recent Experience

Oil and Gas Corporate, M&A, and Joint Ventures 

Highlights of Yanal’s corporate/M&A experience include advising:

• an Exploration and Production Company on the sale of shares in the contractor party under an Iraqi development and production sharing contract, negotiations with the Iraqi Ministry of Oil with respect to the same, and appointment of a third party operator
• a Fujairah Midstream Operator on its acquisition of a minority stake in the issued share capital of a bulk liquid storage terminal in the Port of Fujairah
• a Chinese operator in Central Iraq on the oil and gas regulatory framework, encompassing upstream, midstream, and downstream sectors, and on elements of its technical service contract
• Mercantile & Maritime on its acquisition of 100% of the issued share capital of GTI Fujairah operating a bulk oil storage terminal in the Port of Fujairah
• a Fujairah-midstream Oil Company on the negotiation and drafting of a demolition, dismantling, and asset purchase agreement for an oil refinery in the UAE
• an international shipping company on its potential acquisition of oil storage assets in Fujairah. This included significant counsel on a common user pipe concession, negotiating the terms for access and use of pipe agreements, and providing guidance on port-related regulatory aspects under the Fujairah Port Regulations
• an  Oil and Gas Major on its acquisition of 51% of the issued share capital of a European bunkering group with assets in Malta, Belgium, and the Netherlands. In addition to the corporate acquisition aspects, the advisory scope covered the acquisition and compliance of port-related licenses*
• Maha Energy on selling to Mafraq Energy LLC 35% of its participating interest in Block 70, an onshore oilfield in central Oman, pursuant to a farm-out agreement and negotiating the associated joint operating agreement
• a South East Asian Independent Oil and Gas Company on its acquisition of a 40% interest in two blocks onshore Oman
• an Investment Company on the proposed sales of its stake in an oil and gas transport company based in Abu Dhabi
• an Independent E&P Company on a range of corporate commercial matters, including commercial aspects of its investments into and non-operating interest in a natural gas field as well as the supply of natural gas to a national electricity company and purchasers in foreign markets*
• an Independent E&P Company on its proposed divestiture from its gas and LNG*. trading/shipping business in Egypt*
• a Southeast Asian E&P company on its proposed acquisition of oil and gas assets in the Kurdistan region of Iraq*
• an Independent E&P Company on its investment and participation in offshore gas concessions in Egypt (value confidential)*
• Sapura Energy Berhad on its agreement to establish a joint venture with Austrian state-controlled company OMV (c.US$900 million)*
• SapuraKencana Petroleum Berhad on its acquisition of Newfield’s oil and gas assets in Malaysia and China (c.$1.3 billion)*
• CEFC China Energy on its proposed acquisition of 14.2% of Rosneft Oil Company’s shares from Glencore and Qatar Investment Authority (c.$9 billion)*
• a Leading Oil and Gas Company on a series of strategic acquisitions of shares in private oil and gas companies in the Russian Federation (c.US$5 billion)*
• an Independent E&P Company on its proposed acquisition of oil mining licences and related assets in Nigeria (value confidential)*
• a European E&P Company on its acquisition and/or participation in several fields and prospects in Denmark, Falkland Islands, Faroe Islands, Greenland, Iceland, Netherlands, Norway, and the UK*

Commercial (Oil and Gas)

Highlights of Yanal’s commercial experience include advising:

• a UAE Oil and Gas Producer on its downstream LPG and petroleum products marketing and trading activities in the UAE
• a DIFC incorporated trader on a crude oil sale and purchase agreement and related security and subordination agreements
• a Singaporean gasoline trader on a gasoline sale and purchase agreement
• a DIFC-incorporated crude oil trader on the negotiation of a terminal use agreement in Southeast Asia
• an Independent Gas Producer on the drafting and negotiation of long-term gas sale and purchase agreements*
• an Independent Gas Producer on its existing standard gas sale and purchase agreements*
• an Oil Trader on the drafting of its standard terms and conditions for the sale and purchase of crude oil*

Mining and Power

Highlights of Yanal’s mining and power experience include advising:

• an Independent Mining Company on the licensing procedures and its entry into the Saudi Arabian market for mining quartz and smelting silicon
• several Independent Mining Companies on the drafting and negotiation of net smelter return royalty agreements in Africa, Canada, and Latin America
• a Space Mining Company on the legal framework for outer space mining under current international law
• a National Utility Company on its proposed joint venture relating to cross-border electricity distribution and transmission in Southern Africa*
• a Rare Earth Mining Company on aspects of a proposed mining development agreement in South-eastern Africa*
• a Mining Contractor on a range of corporate commercial matters, including the structuring of its international arm and its participation in mining-related joint ventures in Africa*
• an Investment Fund on the development of a proposed mining infrastructure development programme in Ghana*

General Corporate Commercial and Venture Capital

Highlights of Yanal’s corporate commercial experience include advising:

• an International Shipping Company on the acquisition of a European holding company owning eight shipping companies in Bahrain, Oman, Qatar, and the UAE
• an Investment Fund on the acquisition of a DFSA-regulated bank incorporated in the DIFC
• an Investor on its investment agreement, and ancillary debt finance arrangements with respect to a hotel services apartments business in Dubai
• a Saudi Company on its acquisition of the entire share capital of a corrugated packaging and display merchandise manufacturer in the UAE
• several start-ups on a range of agency, distribution, and franchise in the MENA*

* Prior to joining Al Tamimi and Company