Wed, Oct 04, 2023
It also enables EOUK to strengthen major customer relationships and increase sales volumes through the ability to offer its customers greater financing flexibility.
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Mon, Sep 25, 2023
The EET Hydrogen will provide a platform for growth with an ambition to deliver around 4GW of low-carbon hydrogen by 2030, around 40 per cent of the UK government's national target.
Sun, Sep 26, 2021
Essar Oil said it still needed to pay 223 million pounds ($305 million) to HM Revenue & Customs (HMRC) by January, confirming an earlier report in the Sunday Times newspaper https://bit.ly/39AwwmG, which said the company had used the government`s pandemic VAT deferral scheme last year
Thu, Oct 18, 2018
The government moves to make auto fuels cheaper by asking state-run oil companies take a hit will not impact Reliance Industries' retail fuel expansion plans, a top official has said.
Wed, Apr 18, 2018
A government push to connect more cities via airports as an expanding middle class increasingly takes to the skies is set to help propel the country`s demand for jet fuel to record highs this year.
Tue, Mar 20, 2018
Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil`s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Essar Oil has long relied entirely on funding from Indian banks while the new shareholders want to reduce exchange costs by adding alternative financing sources and directly use dollars to buy its oil instead
Mon, Aug 21, 2017
Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief.
All-cash sale deal consists of Essar Oil's 20 million tonne refinery at Vadinar in Gujarat and 3,500 retail outlets across the country.
Fri, Jun 23, 2017
The sale transaction decision (Essar Oil-Rosneft deal) was announced on October 15, 2016 when Prime Minister Narendra Modi met Russia's Vladimir Putin in BRICS Summit held in Goa.
Thu, Jun 22, 2017
The deal, where Rosneft will hold a 49 percent stake, will allow the Russian company to increase oil refining output by 20 percent this year.
Fri, Mar 31, 2017
"The parties are working towards obtaining the requisite approvals to complete the transaction. We are hopeful that the deal will be completed in the upcoming few weeks," Essar said.
Wed, Jan 04, 2017
Mergers and acquisitions (M&A) deals in the country hit a record five-year high at $61.44 billion (about Rs 4 trillion) in 2016, says a report.
Mon, Dec 26, 2016
The total throughput of the refinery stood at 19.1 million tonnes in 2015-16, compared to 20.49 million tonnes in the previous year.
Mon, Dec 05, 2016
The production from the Ratna and R-Series oilfield will be 10,000 barrels per day initially. The government had cancelled the contract of awarding it to Essar Oil.
Wed, Nov 16, 2016
Putin`s spokesman Dmitry Peskov denied there was any Kremlin intervention in the deal.
Sun, Oct 23, 2016
Reliance Industries, operator of the world's biggest oil-refining complex, has forayed into cooking gas retailing, launching a 4-kg LPG cylinder on pilot basis.
Sat, Oct 22, 2016
The remaining 2% will be held by minority shareholders after delisting of Essar Oil.
Tue, Oct 18, 2016
The deal will also be significant because the Indian banks have become very forceful in addressing the problem of bad loans.
Mon, Oct 17, 2016
Reportedly, in the all-cash deal, it also includes Vadinar refinery and Vadinar Port in Gujarat.
He said the deal did not violate the economic sanctions imposed by the U.S. government on Russian entities over Russia`s role in the Ukraine crisis. "The way it is structured, it is fully compliant. We are well within the rules that govern Russian companies."
Sat, Oct 15, 2016
India and Russia on Saturday signed 16 agreements across multiple sectors following delegation-level talks co-chaired by Prime Minister Narendra Modi and Russian President Vladimir Putin in Goa.
A group led by Russian oil major Rosneft will invest around $12.9 billion (nearly Rs 85,820.5 crore) in India's Essar Oil, Chief Executive Igor Sechin told reporters on Saturday.
India and Russia on Saturday signed 16 key agreements, including a pact on missile sales and a joint venture (JV) for manufacturing helicopters, as the two countries further boosted their military ties.
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