Essar Oil Ltd. is an Indian oil and gas company with operations in exploration, production, refining, and marketing. The company has a portfolio of oil and gas assets in India, the United Kingdom, and Canada. Essar Oil Ltd. is a subsidiary of the Essar Group, a diversified conglomerate with interests in steel, shipping, power, and other sectors.
The company’s main operations are located in the western Indian state of Gujarat. Essar Oil Ltd. has a crude oil refining capacity of 20 million metric tons per year and a marketing network of over 3,500 outlets in India. The company also has a minority stake in Vadinar Oil Refinery, a joint venture with Rosneft and Trafigura.
In the United Kingdom, Essar Oil Ltd. owns and operates the Stanlow Manufacturing Complex, which has a crude oil refining capacity of 10 million metric tons per year. The company also has a retail network of over 1,400 petrol stations across the country.
In Canada, Essar Oil Ltd. owns and operates the Albian Sands oil sands project, which has an estimated reserves of 3.6 billion barrels of bitumen. The company is also developing the Haldimand block, a shale gas asset in the Horn River Basin.
The company has a workforce of over 10,000 employees.
The company’s business strategy is focused on expanding its operations in the upstream and downstream segments of the oil and gas value chain. In the upstream segment, the company is looking to add to its portfolio of oil and gas assets in India, the United Kingdom, and Canada. In the downstream segment, the company is looking to expand its refining and marketing operations in India and the United Kingdom.
The company’s future outlook is positive, with a strong focus on growth. The company is looking to invest in new projects and acquisitions to fuel its growth.
The company’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The company’s website is www.essaroil.com.