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Essar bids for Shell refineries in Europe: report

Essar bids for Shell refineries in Europe: report
AFP
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First Published: Tue, Aug 18 2009. 05 17 PM IST
Updated: Tue, Aug 18 2009. 05 17 PM IST
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.
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First Published: Tue, Aug 18 2009. 05 17 PM IST