Saudi Aramco’s Expansion In Poland and Central and Eastern Europe

Allen & Overy advised The Saudi Arabian Oil Company on the deal, while SMM Legal advised PKN Orlen and Rymarz Zdort advised Grupa Lotos.

Aramco invested in Poland’s refining, wholesale, and jet fuel marketing segments through a number of acquisitions from Polish oil refiner and fuel retailer PKN Orlen following its planned merger with Grupa Lotos. 

Aramco has agreed to acquire equity stakes of 30% in a 210,000 barrels per day refinery in Gdansk; 100% in the associated wholesale fuels business; and 50% in a jet fuel marketing joint venture with BP. The investment will see Aramco, the world’s largest integrated energy and chemicals company, significantly expanding its presence in the European downstream sector and further expanding its crude imports into Poland.

Also announced is Aramco’s signing of a memorandum of understanding (MoU) with PKN Orlen and SABIC, one of the world’s largest petrochemicals companies, with respect to joint opportunities in Poland and elsewhere in Central and Eastern Europe. Another MoU was signed between Aramco and PKN Orlen which focuses on exploring potential opportunities for R&D.

The A&O team was led by Corporate M&A partner Andrew Schoorlemmer (Picture) and counsel Oliver Bacon. In Warsaw the team was led by Corporate partner Jaroslaw Iwanicki and senior associate Maciej Skoczynski with support from counsel Kamil Jankielewicz. The Dubai team was led by Energy partner Judith Kim, with support from counsel Nick Jackson. Specialist advice was led by antitrust partners Hugh Hollman in Washington D.C., Marta Sendrowicz in Warsaw and Jürgen Schindler in Brussels; and tax partner Gottfried Breuninger with counsel Dirk Schade in Munich.

SMM Legal’s team included Managing Partner Maciej Mataczynski, Partners Tomasz Jaranowski, Pawel Lacki, Wojciech Sikorski, Of Counsel Mateusz Stanczyk, Senior Associates Magdalena Cisowska, Izabela Jackowska, Piotr Ruchala, Milosz Malaga, and Associates Lukasz Dutkowski, Michal Wojtkowiak, Piotr Andrzejewski, Wojciech Rzepinski, Anna Mathews, and Dagmara Dragan.

Rymarz Zdort’s team included Managing Partner Pawel Rymarz, Partners Jakub Zagrajek, Iwona Her, and Robert Krasnodebski, Counsels Irmina Watly and Aleksandra Dobrzynska-Grezel, Associates Pawel Mazur,Diana Sofu, and Kamil Klopocki, and Junior Associate Filip Goledzinowski.

Involved fees earner: Oliver Bacon – Allen & Overy; Gottfried Breuninger – Allen & Overy; Hugh Hollman – Allen & Overy; Jaroslaw Iwanicki – Allen & Overy; Nick Jackson – Allen & Overy; Kamil Jankielewicz – Allen & Overy; Judith Kim – Allen & Overy; Dirk Schade – Allen & Overy; Jürgen Schindler – Allen & Overy; Andrew Schoorlemmer – Allen & Overy; Marta Sendrowicz – Allen & Overy; Maciej Skoczynski – Allen & Overy; Aleksandra Dobrzynska-Grezel – Rymarz Zdort; Filip Goledzinowski – Rymarz Zdort; Iwona Her – Rymarz Zdort; Kamil Klopocki – Rymarz Zdort; Robert Krasnodebski – Rymarz Zdort; Pawel Mazur – Rymarz Zdort; Pawel Rymarz – Rymarz Zdort; Diana Sofu – Rymarz Zdort; Irmina Watly – Rymarz Zdort; Jakub Zagrajek – Rymarz Zdort; Piotr Andrzejewski – SMM Legal; Magdalena Cisowska – SMM Legal; Dagmara Dragan – SMM Legal; Lukasz Dutkowski – SMM Legal; Izabela Jackowska – SMM Legal; Tomasz Jaranowski – SMM Legal; Pawel Lacki – SMM Legal; Milosz Malaga – SMM Legal; Maciej Mataczy?ski – SMM Legal; Anna Mathews – SMM Legal; Piotr Ruchala – SMM Legal; Wojciech Rzepinski – SMM Legal; Wojciech Sikorski – SMM Legal; Mateusz Stanczyk – SMM Legal; Michal Wojtkowiak – SMM Legal;

Law Firms: Allen & Overy; Rymarz Zdort; SMM Legal;

Clients: Grupa LOTOS S.A.; PKN Orlen S.A.; Saudi Aramco;

Giulia Di Palma

Author: Giulia Di Palma