Essar Oil

Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctions

Oil minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.

Fuel price cut: Private retailer Nayara Energy joins state-owned oil companies in subsidising petrol, diesel

India's biggest private fuel retailer Nayara Energy, formerly known as Essar Oil, will join state-owned oil companies in subsidising petrol and diesel by Re 1 per litre, its chief executive B Anand said on Friday.

FDI inflows to India decline by $40 bn in 2017 from $44 bn in 2016; outflows more than double to $11 bn: Report

FDI inflows to South Asia contracted by 4 percent to $52 billion, owing to a drop in inflows to India

Petrol, diesel prices at record high: Essar Oil advocates cut in excise duty as solution to mounting fuel crisis

Essar Oil advocated that cutting excise duties is a better option than subsidising petrol and diesel prices or going back to exercise of controlling rates

Rosneft-owned Essar Oil to be rename Nayara Energy; aims to scale up petrol pump network to 6,000 outlets

Rosneft and its partners completed the $12.9-billion acquisition of Essar Oil last August to enter the world's fastest-growing energy market

Essar Oil picks Trafigura, BP for $1 bn oil-backed loan as Indian refiner’s new owners seek to diversify firm’s financing base

Kremlin-owned Rosneft has been under U.S. sanctions since Russia’s annexation of Crimea in 2014.

Private fuel retailers double petrol, diesel market share, says oil minister Dharmendra Pradhan

In the private sector, Essar Oil had 4,275 petrol pumps while Reliance Industries had 1,400 retail outlets. Shell operates 100 petrol pumps

Essar to pay additional Rs 880 cr or Rs 75.48 per share to minority shareholders of EOL

Minority shareholders of Essar Oil will get Rs 75.48 per share in addition to Rs 262.80 per share they had got on delisting

Essar Oil completes sale of India assets to Rosneft-led consortium for $12.9 bn

Essar Oil on Monday announced the closure of the company's sale, including its Vadinar refinery, to Russian state-run Rosneft-led consortium for $12.9 billion.

Oil Minister Dharmendra Pradhan invites RIL, BP to invest in fuel retailing

While RIL already has a fuel retailing license and has some 1,400 petrol pumps on the ground, BP last year got approval to set up petrol pumps in India