Essar Oil UK

Company says it is replacing shortfall by maximising indigenous diesel production

Indian conglomerate Essar's UK arm, Essar Oil UK, on Tuesday said it has entered into a new "time to pay" agreement with the UK's tax authorities, aligned with the company's revenues. The company, which runs the Stanlow refinery at Ellesmere Port in Cheshire, north-west England, had hit some UK media headlines for overdue VAT payments, threatening the future of the refinery. Essar had maintained that it was confident of reaching an agreement with the UK's HM Revenue & Customs (HMRC). Essar Oil (UK) Limited (EOUK) confirms it has entered into a new time to pay agreement with HM Revenue & Customs (HMRC). EOUK and HMRC have agreed a phased payment schedule, aligned with EOUK revenues, the company said in a statement. EOUK is therefore confident of closing the last mile financings in the coming months after having successfully raised USD 1.1 billion earlier in the year, it said. The HMRC said it cannot comment on identifiable taxpayers but noted that a time to pay arrangement ...

Essar Oil UK, operator of Britain's Stanlow oil refinery, is in talks with UK authorities over extending a Jan deadline to repay hundreds of millions of pounds in deferred taxes, company said.

Maheshwari was the CFO of Essar Energy during his previous stint with the group

Top-notch lawyers, diplomats and corporate honchos roped in

The production hub will deliver clean energy to industry in the HyNet 'low carbon cluster', as well as for domestic and transport purposes

SINGAPORE (Reuters) - Essar Oil UK aims to lift processing of U.S. oil at its 200,000 barrels per day Stanlow refinery by March to 40% from 35% currently, its Chief Executive Officer S. Thangapandian said on Monday.

The company posted a net profit of Rs 10.37 billion during the period under review, as against Rs 11.25 billion during the year 2016-17

With the Ruias' Essar Oil UK nearing completion of a $250-million investment at a refinery in Stanlow, the company is working on a re-configuration plan, with the changing trends in global energy.The company announced its results for the first half of the current financial year. Profit after tax was $169 million, compared to $51 mn in the same period last year.It is exploring the option of setting up battery charging stations at company-owned retail outlets. This will start with a charging station at an outlet planned in Stanlow next year. The company operates 46 fuel retail outlets."We are undertaking a reconfiguration study, to focus on the ever changing landscape we operate in. This will help in determining how we see the world in the next 10-15 years," said S Thangapandian, chief executive officer for Essar Oil.Adding: "As we move forward, we are looking at improving the yield of a long-life product like jet fuel and also increase the petrochemical production at the site. In ...