Page 3 - Essar Oil

Essar Oil sale to reduce group revenue by 80%

Ruias to now focus on steel, power and ports

Essar Oil might have to pay Rs 1,800 crore to minority shareholders

Proxy firm SES' calculation based on 2015 annual report shows a differential of Rs 125 per share over delisting price

Ruias sell Essar Oil, Vadinar Port for Rs 86,100 crore

Rosneft-led consortium acquires 98% stake in EOL; proceeds from the sale to be used to reduce debt by half

Rosneft, Trafigura sign pact for picking 98% in Essar oil

Rosneft Oil Company is the world's largest petroleum company with revenues in excess of $80 billion

Russian oil major Rosneft-led group acquires Essar Oil for $13 bn

Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps

Rosneft board meet today on Essar Oil stake buy

The board of Rosneft is meeting on Thursday to clear buying 49 per cent stake in Essar Oil at an enterprise valuation of $7 billion. The Rosneft investment would be one of largest FDI into India's oil and gas sector after investments by British oil giant, BP in Reliance's KG D6 blocks and Vedanta's acquisition of Cairn India Ltd. Essar plans to use the proceeds of the sale to retire its debt while Rosneft will use the Indian refinery to sell its products. Here are top 5 acquisitions in the Indian oil and gas sector

Essar Oil eyes foray into LPG distribution biz

In the non-subsidied LPG distribution business, Essar Oil looks to target customers with an annual income of Rs 10 lakh and above

Essar Oil to invest Rs 1200 cr in Vadinar refinery

The company has already invested Rs 400 crore during a 28-day planned shutdown of the refinery in September-October last year

Essar Oil's fuel exports to fall in 2018-19 as focus shifts to local sales

Rising fuel demand is expected to help push the growth rate in the country's fuel consumption ahead of China's

Essar Oil to invest Rs 1,200 cr before sale to Rosneft

Fuel exports to fall in 2018/19 as focus shifts to local sales

Essar Oil to invest Rs 1k cr in West Bengal

The company targets a production capacity of two mscmd in 2016-17

Ruias to give up Essar Oil control

Group in talks to sell 25% more stake, months after Rosneft agreed to buy 49% for Rs 19,000 cr

Ruias plan to sell another 25% stake in Essar Oil

Rosneft is majority owned by the Russian government with BP Plc holding under a 20% stake and public shareholding at around 10%

Essar settles $500 million of Iran oil bill: Sources

The firm operates a 400,000 barrels per day oil refinery at Vadinar in Gujarat

Essar Oil increases CBM production at West Bengal unit

For 2016-17, the company aims to generate 1.8 scmd CBM from its Raniganj block

Essar Oil looks to double petrol pumps to 4,300 in 18 months

The retail network expansion planned is on franchise model and will entail an investment of about Rs 2,500 crore by the pump owners

Essar Oil profit at $244 mn in FY16; enters UK's retail market

Essar Oil UK moved into downstream integration, with a highly successful entry into the UK fuel retail market

Essar Oil to open 400 petrol pumps in UK in 3 years

Only Indian firm to own a refinery in Europe, opened its first petrol pump at Coalville in Leicestershire last year in November

Essar Oil turns around loss-making Stanlow refinery

Currently, Stanlow produces about 16 per cent of UK's transport fuels, serving north-west part of UK