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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 advises energy group Uniper on EUR 15 billion stabilisation package

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…

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person climbing ladders

Publications: 04 January 2022

Polish hydrogen strategy

New opportunities for the development of a low carbon hydrogen economy in Poland

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Employee working on a gas utility site

Publications: 16 December 2021

European commission boosts decarbonised gases with new gas package

On December 15, 2021 the European Commission published a proposal for a revised Gas Directive and a revised Gas Regulation.

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Publications: 04 June 2021

Dutch Court orders Shell to reduce CO2 emissions by 45%

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…

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