“Rosneft” Company has closed the deal on the acquisition of 49.13 percent of the shares of Essar Oil Limited (EOL) from Essar Energy Holdings Limited and its affiliated companies.
At the same time, a consortium of international investors, including Trafigura and UCP, announced the closing of the acquisition of 49.13 percent of EOL. The message of “Rosneft” notes that the price parameters of the transaction “correspond to previously signed binding documents”. The oil refinery in Vadinar owned by EOL has all necessary infrastructure (a deep-sea port, an oil terminal and a power station were included into the deal), more than a half of all processed raw materials consists of low-grade Latin American oil.
Author: Anna Dorozhkina