Indian Oil Corporation will set up its first refinery outside India with an investment of up to Rs 20,000 crore (Rs 200 billion) in Sri Lanka.It will thus become the second Indian company to have a......
Essar Energy's $350-million deal to buy Shell UK's oil refinery and associated assets at Stanlow, near Ellesmere Port, Cheshire, has hit a road block. The employee union has rejected the deal in......
The deal, in the works for a few months, is likely to be announced today The Ruias of the Essar group are set to sell 49 per cent stake in Essar Oil to Russian oil and gas giant Rosneft for about......
The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction. A consortium of 23 lenders led by State Bank of India on......
Essar Oil recently completed acquisition of Stanlow refinery, Britain's second biggest, in a $350-million deal with Shell.Naresh Nayyar, Managing Director and Chief Executive Officer, Essar Oil,......