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Essar signs agreement with Rosneft for import of crude oil

09 Jul 2015 Evaluate

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.

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