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 and insights
News: 26 July 2022
Allen & Overy LLP advised the listed energy group Uniper SE (Uniper) on substantial elements of a stabilisation package with a total size of EUR 15 billion, which was agreed between Uniper, the German…
Publications: 04 January 2022
New opportunities for the development of a low carbon hydrogen economy in Poland
Publications: 16 December 2021
On December 15, 2021 the European Commission published a proposal for a revised Gas Directive and a revised Gas Regulation.
Publications: 04 June 2021
On 26 May 2021, the Court of The Hague rendered a landmark decision in proceedings between Milieudefensie (a.o.) and Royal Dutch Shell plc (RDS). Milieudefensie claimed, in short, that RDS must reduce…