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Led by Rosneft, Essar Oil sees retail expansion, new oil supplies

Essar Oil operates no less than 3,888 retail outlets as of October 2017, compared to 3,500 when the acquisition was completed

Amritha Pillay  |  Mumba 

After acquisition of Essar Oil in August, the Rosneft-led consortium has been taking quiet strides in expanding its retail network and utilising synergies for oil supply. Rosneft expects dividends from these fresh investments to show up in the second half of 2018.

In August, a Rosneft and the Trafigura-UCP Investment Group consortium completed the acquisition of Essar Oil’s refinery and the related assets, including the port infrastructure in India. On the retail side, data available with Petroleum Planning and Analysis Cell (PPAC) says Essar Oil operates no less than ...

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First Published: Sun, December 17 2017. 23:43 IST
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