Business Standard

Saturday, February 15, 2025 | 07:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Essar Oil to invest $250 mn in Stanlow refinery

The company also looks to further increase its petrochemicals capacity

Photo: Reuters
Premium

The Essar group had in October 2016, signed a deal with Rosneft, United Capital Partners and Trafigura Group to sell 98 per cent equity in Essar Oil. Photo: Reuters

Amritha Pillay Mumbai
Essar Oil UK looks to invest $250 million in its Stanlow refinery to increase production, improve focus on high-value products and expand its crude oil sourcing basket to save costs and improve margins.

"Essar Oil UK will invest $250 million as capital expenditure and maintenance in its Stanlow refinery to improve throughput and yields," the company said in its statement on Wednesday. The investment will be funded through internal accruals.

The company officials added that the $250 million includes $200 million towards capital expenditure and another $50 million as working capital requirements. The company so far has invested up to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in