Essar buys stakes from BP in pipeline, terminals for UK refinery
- Industry officials estimate the size of the deal at around Rs. 900 crore
- Essar Oil UK runs an oil refinery at Stanlow near Liverpool
Ahmedabad/Mumbai: The Ruia-promoted Essar Oil UK, part of the Essar group, has acquired stakes in strategic assets from BP Plc in the UK. The acquisitions include a 11.5% stake in the United Kingdom Oil Pipeline (UKOP), a 45% share in the Kingsbury Terminal and a 100% interest in the Northampton Terminal, Essar Oil UK said.
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