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Essar Oil Ltd.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail. Essar Oil has a portfolio of onshore and offshore oil & gas blocks with about 1.7 billion barrels of oil equivalent in reserves & resources. Essar Oil owns India’s second largest single site refinery at Vadinar, Gujarat, having a capacity of 20 MMTPA, or 405,000 barrels per day. Vadinar Refinery has a complexity of 11.8, which is amongst the highest globally. The refinery is capable of processing some of the toughest crudes and yet produce high quality Euro IV and V grade products. The refinery has been set up at a very competitive capex of $12,746 /bbl, which is about half the global average.
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Contact Details
Contact Us:Essar Oil Ltd.
4th Floor, Tower II, Equinox Business Park, Off Bandra Kurla Complex, LBS Marg
Kurla West
Mumbai, MH, 400070
Phone : +91-22-67335000
Registered Office:Essar Oil Ltd.
Khambhaliya Post, P O Box 24
District Devbhumi Dwarka
Dwarka, GJ, 361305
Phone : +91-2833-661444
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Essar to invest ₹ 7,000 crore to explore shale gas in Raniganj
Posted on 9th August 2018
Mumbai: Buoyed by the Union Cabinet clearing a policy allowing operators to explore all unconventional hydrocarbons in the existing field, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) plans to invest 7,000 crore to develop shale gas potential in its existing coal-bed methane (CBM) block at Raniganj, West Bengal, said a company executive. Read More

Essar Oil may sell 30% stake in Raniganj CBM block
Posted on 30th July 2018
Mumbai: Essar Oil and Gas Exploration and Production Ltd is planning to sell as much as 30% in its flagship coal-bed methane (CBM) block in Raniganj, West Bengal, said two people familiar with the development. Essar Oil, which completed the $12.9 billion sale of its refining and distribution business to a consortium led by Russia’s Rosneft PJSC last August, operates the coal-based methane business and a refinery in the UK. Read More

Essar Oil UK FY18 PAT, Ebitda fall on maintenance shutdown
Posted on 5th July 2018
Essar Oil UK, the operator of Stanlow refinery, reported a 4.2% year-on-year fall in net profit for FY18 to $161 million, while earnings before interest, tax, depreciation and amortisation (Ebitda) fell 4.2% to $300 million on account of planned shutdown of the refinery for two-and-a half months. The shutdown also impacted the throughput that fell 20.9% to 7.19 MMTPA. Read More

Essar Oil UK's net profit dips 4.2% to Rs 10.37 billion in 2017-18
Posted on 4th July 2018
Essar Oil UK, one of the leading dowstream energy company in the UK running Stanlow Manufacturing Complex refineries, has posted a 4.2 per cent dip in net profit for the financial year 2017-18 as compared to the previous financial year.

The company posted a net profit of Rs 10.37 billion during the period under review, as against Rs 11.25 billion during the year 2016-17. Read More

Rosneft-owned Essar Oil to be renamed Nayara Energy; to create new identity
Posted on 27th April 2018
Essar Oil has said is was seeking approval to change its corporate identity to Nayara Energy. Essar Oil said the term coined from ‘naya’ (new) and ‘era’ strongly signifies its vision to succeed in the Indian and global energy markets. The adoption of the new name is subject to all requisite approvals, the company said. The majority stake in Essar Oil was acquired by Rosneft and a consortium led by Trafigura and UCP in August 2017. Read More
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