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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.  

News & insights

Allen & Overy advises Czech Gas Networks Investments as the company enters the international debt capital markets

News: 29 JULY 2020

Allen & Overy advises Czech Gas Networks Investments as the company enters the international debt capital markets

Allen & Overy has announced today that it advised Czech Gas Networks Investments S.à r.l (CGNI) on its successful issuance and placement of EUR 600 million and CZK 6.75 billion notes with investors on…

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Eight hot air ballons in flight above a desert

News: 17 JULY 2020

Allen & Overy has advised PTT Public Company Limited on the establishment of its debut local and global MTN programmes and the first ever 50-year USD-denominated corporate bond in Asia

Allen & Overy has advised PTT Public Company Limited (PTT), Thailand’s fully integrated multinational petroleum and petrochemical company, on its establishment of local and global MTN programmes and…

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Publications: 19 JUNE 2020

European Commission targets foreign subsidies causing market distortions

As part of a broader effort to reshape the EU’s trade policy, the European Commission (EC) proposes to expand its toolbox to tackle foreign subsidies undermining the level playing field in the EU’s…

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Crashing waves

Publications: 22 APRIL 2020

Private equity’s upstream journey

Private equity interest in the E&P industry soared in the wake of the 2014 oil price crash. However, renewed appetite for upstream assets was not only predicted on exploiting commodity cycles.

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