Built on Elchin Ibadov's textbook with Nabil L. Khodadad, drawn from the real financing of the STAR Refinery project. Slide decks, recorded lectures and a running briefing on deals, regulation and market shifts.
See the curriculumRead the latestA practitioner’s account of project finance, drawn from a multi-billion-dollar transaction carried through to financial close.
A Practical Guide to Project Finance: Principles, Practices and Case Studies is written by Elchin Ibadov, with Nabil L. Khodadad, drawing directly on the real-world financing of the STAR Refinery, one of SOCAR Türkiye's flagship investments. It was academically reviewed by Koç University, with contributing authors from SOCAR Türkiye and international law firms.
The two case-study chapters walk through the actual Surgil Gas to Petrochemicals project and the actual STAR Refinery project in full, real numbers and real structures, from bankability through financial close.
The complete work, with all twelve chapters and both case studies in full, is available in print from Amazon, Ali & Nino and Libraff.
All twelve chapters of the book, including the two full case studies, published below as complete presentation decks, with recorded lectures to follow.
01 | Introduction: Setting the StageBy Nabil L. Khodadad and Elchin Ibadov | VIEW SLIDES → |
02 | What Makes a Project Attractive to Lenders?By Nabil L. Khodadad and Elchin Ibadov | VIEW SLIDES → |
03 | Financing ProcessesBy Lauren Davies and Mehmet Sezgin | VIEW SLIDES → |
04 | Ensuring a Suitable Corporate StructureBy Steven Wilson and Esra Niğde Şahiner | VIEW SLIDES → |
05 | Environmental and Social ResponsibilityBy Louise Fischel-Bock and Mehmet Sezgin | VIEW SLIDES → |
06 | Engineering, Procurement & Construction, Insurance and LicensingBy Alistair Wishart, Ahmet Gülhan and Esra Niğde Şahiner | VIEW SLIDES → |
07 | Feedstock, Offtake and O&MBy Andrew Nealon and Ahmet Gülhan | VIEW SLIDES → |
08 | Financing DocumentsBy Jonathan Roberts, Nabil L. Khodadad, Cahit Tan Yeşilada, Mehmet Sezgin and Seda Deniz Kasar | VIEW SLIDES → |
09 | Financial Modeling for Project FinanceBy Cahit Tan Yeşilada, Ayşe Ayman, Ramazan Everdi, Sinan Akıncı and Rodolphe Olard | VIEW SLIDES → |
10 | Case Study: Surgil Gas to Petrochemicals ProjectBy Nabil L. Khodadad | VIEW SLIDES → |
11 | Case Study: STAR Refinery ProjectBy Lauren Davies, Ahmet Gülhan, Esra Niğde Şahiner, Melisa Köksel and Hale Ezel | VIEW SLIDES → |
12 | The Future of Project FinanceBy Alexander Lee, Nabil L. Khodadad, Elchin Ibadov and Cahit Tan Yeşilada | VIEW SLIDES → |
Five categories covering project finance end to end. The newest pieces sit up front, with earlier ones under "More".
For questions about the book or the course material, for institutions wishing to use the chapters in teaching, or to suggest a piece for Insights.
Published by TEAS Press of Baku, and available in print from Amazon, Ali & Nino and Libraff.