Essar Oil on Monday said it has re-engaged in discussions to buy Royal Dutch Shell Plc's three European refineries but refused to put a timeline for conclusion of the deal. "We have re-engaged to buy Shell's Stanlow refinery in northwest England and the Heide and Hamburg units in Germany," said Naresh Nayyar, MD CEO, Essar Oil.
Essar had first evinced interest in buying Shell's refineries in 2009 and talks broke down last year.