International law firm Cleary Gottlieb served as counsel to the Ministry of Oil of the Republic of Iraq and Basra Oil Company (BOC) in a landmark acquisition of a 30% interest in the Gas Growth Integrated Project from TotalEnergies, a major French multinational energy company. The agreements for this transaction were signed in Baghdad on […]
Global law firm Clifford Chance has advised a syndicate of 16 Omani and regional banks on multicurrency conventional and Islamic facilities for OQ Gas Networks (OQGN). As the sole proprietor and operator of Oman’s natural
ADNA, a prominent legal firm, provided advisory services to Pertamina, the Indonesian state oil company, in their recent collaboration with Sonatrach Group and Repsol in Algeria. The collaboration involved the signing of a production-sharing contract
Banking & Finance
Oil & Gas
United Arab Emirates
Eversheds Sutherland on ADNOC Refining’s consortium deal
Eversheds Sutherland provided legal counsel to Natixis Bank and Arab Petroleum Investments Corporation (APICORP) as lenders in the consortium’s acquisition of ADNOC Refining’s two waste management facilities in the Ruwais Industrial Area of
Deal & transactions
Oil & Gas
Saudi Arabia
Aramco acquires 10% Stake in China’s Rongsheng Petrochemical
Saudi Arabian Oil Company (Aramco) has recently signed definitive agreements to acquire a 10% stake in Rongsheng Petrochemical Co. Ltd. for RMB 24.6 billion (USD 3.6 billion). The acquisition deal will bolster Aramco’s downstream presence in China
Al Tamimi & Company has advised ADNOC Gas, a large-scale integrated gas processing company, on its initial public offering (IPO) raising approximately AED 9.1 billion (equivalent to approximately USD2.5 billion) which represents the largest-ever listing on
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’)
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
Deal & transactions
Oil & Gas
United Arab Emirates
DLA Piper: Uniper sells marine fuel trading business in Dubai
DLA Piper provided legal advice to Uniper Group regarding the sale of its crude oil processing and marine fuel trading business in the United Arab Emirates. A consortium composed of Montfort Group and the Private
Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt&
