Business Standard | Essar Oil sale to reduce group revenue by 80% Business Standard The refining business has been highly profitable for most players, and for Essar. For the group, oil has been a leader, bringing 80 per cent of both revenue and net profit. While the sale will bring much-wanted funds for the group to repay debt, the ... Rosneft leads $13bn purchase of Essar Oil Rosneft, Trafigura to Spend $13 Billion to Buy Indian Refiner India's Essar agrees to sell oil arm to Rosneft-led group |