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| The
Company |
| Essar
Oil Ltd (EOL, NSE: ESSAROIL) operates a fully integrated
oil company of international size and scale in India.
Its assets include developmental rights in proven
exploration blocks, a 10.5 MTPA refinery in the
west coast of India and over 1,000 oil retail stations
across India. Plans are under way to increase its
exploration acreage in various parts of the globe,
expand its refinery capacity to 34 MTPA and open
5,000 retail outlets. |
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The Exploration and Production (E&P) business
of the company has participating interests in several
hydrocarbon blocks for exploration and production
of Oil & Gas. This includes the Ratna and R-Series
blocks on Bombay High and an E&P block in Mehsana,
Gujarat, which has currently started commercial
production. It has also been awarded a Coal Bed
Methane (CBM) block at Raniganj in West Bengal,
and two more E&P blocks in Assam, India. The
overseas E&P assets include three onshore oil
& gas blocks in Madagascar-Africa, and one offshore
block each in Vietnam and Nigeria. |
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Essar Oil’s
10.5 MTPA refinery at Vadinar in
Gujarat started commercial production on May 1,
2008. It has been built with state-of-the-art technology
and has the capability to produce petrol and diesel
suitable for use in India as well as advanced international
markets. It will also produce LPG, Naphtha, light
diesel oil, aviation turbine fuel (ATF) and kerosene.
The refinery has been designed to handle a diverse
range of crude—from sweet to sour and light
to heavy. It is supported by an end-to-end infrastructure
setup including SBM (Single Buoy Mooring), crude
oil tankage, water intake facilities, a captive
power plant (currently 125 MW, being expanded to
1,200 MW), product jetty and dispatch facilities
by both rail and road. The refinery is strategically
located in Vadinar, a natural all-weather, deep-draft
port that can accommodate very large crude carriers
(VLCCs). Vadinar also receives almost 70 percent
of India’s crude imports. Post its expansion
to 34 MTPA, the refinery will run at a Nelson Complexity
of 12.8. This means it will be able to refine all
varieties of crude, producing Euro 5 grade fuels.
It will also be among the largest single location
refineries in the world thus leveraging on economies
of scale. |
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Essar Oil serves
retail customers through a modern, country-wide
network of over 1,000 retail outlets.
Essar was the first private, Indian company to enter
petro retailing, looking beyond urban marketrs and
reaching out to consumers deep in India’s
heartland.
Essar Oil offers a wide range of products to bulk
customers in the industrial and transport sectors.
EOL has product offtake and infrastructure sharing
agreements with oil PSUs, namely Bharat Petroleum
Corporation Ltd (BPCL), Hindustan Petroleum Corporation
Ltd (HPCL) and Indian Oil Corporation (IOCL). It
has received approvals to supply Aviation Turbine
Fuel (ATF) to the Indian Armed Forces. |
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CORPORATE