Ashurst appointed long-term strategic legal advisor for Petrochemical Industries Company

Ashurst announced a partnership with Petrochemical Industries Company (PIC) which sees Ashurst become the strategic legal advisor for PIC.

Ashurst will work with PIC’s highly experienced in-house legal team on all aspects of its legal requirements including its existing projects, acquisition and merger opportunities as well as project financing.

Chairman of Ashurst, Ben Tidswell, commented at a signing event yesterday, with Eng. Mutlaq Al Azmi, Chief Executive Officer of PIC, at the side lines of the Gulf Petrochemicals and Chemicals Forum in Dubai, “PIC is a leader in the petrochemical industry in Kuwait and internationally and we very much look forward to working together to support them in their global expansion strategy.”

Simon Fraser, managing partner of Ashurst in Abu Dhabi, added, “Entering into this partnership with PIC, which builds on our longstanding relationship, is a fantastic development in our ongoing collaboration. Oil & gas and petrochemicals is a key area of focus and strength for Ashurst both regionally and globally, and this appointment reflects our continued investment in the Middle East and our market-leading and tier one ranked global oil & gas and petrochemical offering. We are delighted to support PIC as it expands its global footprint in the petrochemicals sector and to further develop our collaborative partnership.”