Essar Oil Is Gone. Essar Isn’t: A Sanctioned Refinery, a Stalled Sale and the Ruias’ New Bets in UK Fuel and US Steel
Nine years after the Ruia family sold Essar Oil to a Rosneft-led group, the refinery they built is running on Russian crude under EU and UK sanctions and its profits are rising. Meanwhile the Essar name is buying UK petrol stations and Indian gas blocks, trying to turn its UK refinery into a low-carbon one, […]
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