Essar Oil opens 46 petrol stations in the UK

Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery, today announced record figures for the first six months of the financial year ending.

The refinery, which as a key national asset produces 16% of the UK’s road transport fuel demand, processed 4.5 MMT of crude, in line with the 4.5 MMT during the first half of financial year 2017.

During these six months, Essar Oil expanded its UK retail network to 42 sites, which has further grown to 46 in December 2017.

“To further develop the Essar Oil UK business, we continued the roll-out our UK retail network, grew the direct supply of aviation fuel to major airlines and have started leasing storage in Rotterdam, together with blending and jetty infrastructure, in order to cater to gasoline export markets directly,” said Essar Oil UK Chief Executive Officer, S. Thangapandian.

The first Essar retail sites opened in late 2015. The company since then has tried to develop a retail network on a scale that befits a UK refinery owner.

Essar Oil UK plans to invest $250 million in capex and maintenance at Stanlow in FY18 to ramp up throughput, improve yields and drive revenues. This major investment will increase annual throughput from 68 million to 75 million barrels.