Log has written
WEDNESDAY, FEBRUARY 15, 2012

London: Indian conglomerate Essar has made a bid to buy one British and two German refineries from Anglo-Dutch oil giant Royal Dutch Shell, the Financial Times reported on Tuesday without citing its source.

Energy-to-telecoms group Essar has bid for the British-based Stanlow refinery in Ellesmere Port, Cheshire, and two German refineries, according to the daily business newspaper.

The newspaper added that US company Valero Energy, Libya’s National Oil Corporation and an investment vehicle controlled by the Saudi royal family have also expressed an interest. A Shell spokesman declined to comment on the story.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Inflation at 2-year low; risks remain
Fall increases chances of monetary easing by RBI; analysts warn macroeconomic risks could reverse trend
Home, auto and personal loans see sharp fall in growth
The year-on-year loan growth to capital-intensive industries slowed to 19.8% between December 2010 and...
Banks oppose Irda norms on retailing policies
With banks starting their own insurance ventures, non-bank promoted insurers have been finding it difficult...
Tata Motors net profit up on strong JLR sales
The company’s profit soars 41% to a record high of Rs 3,406 crore in the three months ended December
RBI warns on bad loans, but says situation not alarming
Sinha said it will be more challenging for banks to find equity investors after the stricter capital...