Clifford Chance has advised Arawak Energy Ukraine B.V. on establishing a strategic partnership with Geo-Alliance Oil-Gas Public Limited. The strategic partnership includes joint holding, management and investment in the further development of oil and gas fields in Ukraine.

Arawak Energy Ukraine B.V. is a member of the Vitol Group. The Group is the world's largest independent energy and commodity trader. Its trading portfolio includes crude oil, petroleum products, bunker fuel, LPG, LNG, natural gas, coal, power, metals, carbon emissions and sugar. Vitol Group has also established itself in shipping as one of the world's largest charterers of crude oil and oil product tankers. Vitol trades over 400 million metric tons of crude oil, petroleum products and commodities annually and its 2011 revenues were US$297 billion.

Geo-Alliance Oil-Gas Public Limited is a member of the Geo Alliance Group. The Group is one of the leading independent oil and gas exploration and production groups in Ukraine. The Group engages in the exploration, development, production and sale of natural gas, gas condensate and crude oil and has a significant portfolio of oil and gas assets, primarily located in the Dnieper-Donets basin, the principal hydrocarbon-producing area in Eastern Ukraine.

The Clifford Chance team of lawyers was lead by David Griston (partner, Amsterdam) and Dmytro Fedoruk (counsel, Ukraine). The team also comprised Andriy Moskalyk (senior associate, Ukraine), Andriy Olenyuk and Nataliya Gerus (associates, Ukraine).