Downstream
Downstream refining and marketing of petroleum and petrochemical products is a dynamic business driven by the shift in economic prosperity of developing nations and changing energy demand patterns globally.
Many of the traditional downstream players are divesting their assets in developed markets, whilst new projects are beginning to be developed in the higher growth markets of Asia. Developments in the Middle East, particularly in petrochemicals (including ethylene, propylene, aromatics, acetyls and fertilizers), continue to generate significant opportunities. All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.
Allen & Overy has been at the forefront of this market, advising IOCs, NOCs and host governments, sponsors, funders (equity and debt), and contractors on market leading transactions globally.
Explore our sectors
Meet our lawyers
News and insights
News: 13 March 2023
Allen & Overy has advised the underwriters on the initial public offering (IPO) and listing of ADNOC Gas Plc (ADNOC Gas) on the Abu Dhabi Securities Exchange (ADX).
News: 22 February 2023
Allen & Overy advises lenders on INEOS’ EUR3.5bn financing
London – A&O advised the lenders and export credit agencies on a greenfield project financing for the construction of an olefin complex in the Port of Antwerp, Belgium.
Publications: 18 November 2022
UK sanctions against Russia: the pressure intensifies
The UK Government has introduced two further packages of sanctions against Russia in quick succession.
Publications: 19 October 2022
Introduction to the EU’s Emissions Trading System
The EU Emissions Trading System (the EU ETS) is one of the key pillars of the EU’s policy to combat climate change and to reduce greenhouse gas emissions from regulated sectors.