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.