Essar oil has signed a long term crude oil supply agreement with OJSC Rosneft oil at Ufa, Rusia for import of crude oil over a period of 10 years. This agreement has been signed in pursuance to the key terms executed between the two companies in December 2014 at New Delhi.
This agreement with a large integrated oil company like Rosneft will help Essar Oil to diversify its supply sources, expand geographical market coverage and enhance supply security. It will ensure supplies of 10 million Tons per annum of crude oil and feedstock to Essar’s Vadinar refinery over a period of 10 years.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1350.15 |
| Indian Oil Corp. | 143.00 |
| BPCL | 299.35 |
| HPCL | 360.75 |
| MRPL | 174.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: