After selling its domestic oil business to Russia's Rosneft and partners for USD 12.9 billion, Essar Group has no plans to sell its Stanlow refinery in the UK, a senior company official said.
Essar Oil (UK) Ltd Chief Executive S Thangapandian said announcement of fresh investments of USD 250 million in upgrade and expansion of Stanlow shows the group's commitment to stay invested in the sector.
"The investments which are being made goes to show that the promoters want to stay invested in oil and gas sector," he told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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