INDIA's Essar group has decided to procure petroleum products from the UAE for its network of nea...
Essar Oil has just received the first shipment of diesel from an undisclosed UAE-based company. The Essar group is also considering a trading unit in Dubai to source crude for its own 12 million tonne capacity refinery being set up in India.
Essar has achieved financial closure for its US$2.2billion refinery project last quarter and is hopeful to complete its refinery within next 18 months.
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