BloombergRosneft Beat Four Suitors to Buy Refinery in Surging Oil MarketBloombergThe Essar group was in talks with as many as five overseas oil companies, said Prashant Ruia, a director at the conglomerate, which sold 98 percent of Essar Oil Ltd. for an en …

Business StandardEssar Oil sale to reduce group revenue by 80%Business StandardThe 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. Whil …

ReutersRussia's Rosneft, partners to invest around $12.9 billion in India's Essar...ReutersMM) will invest around $12.9 billion in India's Essar Oil ESRO.CL, Chief Executive Igor Sechin told reporters on Saturday. Sechin said a refinery and por …

Economic TimesRosneft-led consortium to buy Essar OilEconomic TimesGOA: A Russian consortium comprising energy giant Rosneft Oil Company, commodities trader Trafigura and private investment group United Capital Partners agreed to purchase 98% of Essar Oil …

Wall Street JournalRussia's Rosneft Leads Group Buying India's Essar OilWall Street JournalNEW DELHI—Russia's state-controlled oil giant PAO Rosneft is leading a group that is taking over India's Essar Oil Ltd. in a deal valued at up to $7. …

Economic TimesRuias plan to sell another 25% stake in Essar OilEconomic TimesNEW DELHI: After stitching a deal to sell 49 per cent stake in Essar Oil to Russia's Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to …

The NationalSlump in oil prices to delay Qatar's $20bn infrastructure programmeThe NationalA US$200 billion infrastructure programme launched by Qatar could see higher costs and delays because of the slump in oil prices, the government of the 2022 foot …

Essar Oil looks to double petrol pumps to 4300 in 18 monthsEconomic TimesEssar Oil's franchisee model entails giving the petrol pump operator a land lease rental for the land he brings for setting up the outlet. Also, he is paid an pre-agreed return on …

Economic TimesIndia seeks to pay $6.5 billion to Iran for oil importsEconomic TimesDuring his recent visit, Oil Minister Dharmendra Pradhan had told Iranian officials that India was committed to making the payment as and when banking channels, acceptable t …

Good news about coconut oil, melatonin and turmericThe Seattle TimesA reanalysis of data collected between 1968 and 1973 found that people eating corn oil in place of saturated fat did have lower cholesterol, but they were no less likely to have heart atta …