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English Español Essar Oil UK Group acquires BP strategic assets to drive further growth

Essar’s total investment in the UK now stands at US $1 billion.

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The Essar Oil UK Group of companies have unveiled the latest phase of its strategic business development after announcing the acquisition of a number of assets from BP to further strengthen the company’s logistics infrastructure network which will fuel growth ambitions in the UK.

This latest expansion of its UK interests means Essar has now invested nearly US $1 billion in building its UK business, since first acquiring the Stanlow Manufacturing Complex in July 2011.

Under the agreement, Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual joint venture (with Shell) which runs the Kingsbury Terminal and a 100% interest in the Northampton Terminal. 

With 67 Essar branded UK retail sites already operational across England and Wales, the company has confirmed plans to grow its network to 400 retail sites over the next five years.   

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