India's Essar Oil under scrutiny from Shell

Asia Pacific News.Net
Sunday 22nd November, 2009

Royal Dutch Shell has been in talks to buy 10 percent of India's Essar Oil.

At current market prices, the stake would be worth $364 million and would involve
Shell selling three European refineries to the Indian firm.

Tight margins and falling fuel demand have prompted many big oil companies to offload European refineries.

Essar runs a 280,000 barrels-per-day refinery in western India but is known to want a refining capacity of 1 million barrels a day.

Email this story to a friend

Comments on this story

Anonymous
11-23-09, 06:50 AM

Royal Dutch Shell interested in India's Essar Oil

Don’t sell the stake to these jewish criminal bankers.

They owned BP, Shell, and all the western oil companies.

Have your say on this story

Top Stories

Big 4 Australian banks slammed by central bank
Australia's biggest banks are gouging its customers, the Reserve Bank of Australia says. [read story]
11 Siberian tigers die of malnutrition in China zoo
Eleven Siberian tigers have died of malnutrition at a zoo in China in the past three months, a wild life official said. [read story]
China accuses Dalai Lama of `separatism' in anniversary speech
China Thursday accused the Dalai Lama of showing 'his nature of separating the nation' in a speech to mark the 51st anniversary of the Tibetan uprising against Chinese rule. [read story]
Australia secure Chappell-Hadlee Trophy with six-wicket Auckland win
Australia secured the Chappell-Hadlee Trophy on Thursday with a six-wicket win against New Zealand in the fourth one-day international played here. [read story]
China trying to annihilate Buddhism in Tibet: Dalai Lama
Exiled Tibetan spiritual leader, the Dalai Lama, has accused China of trying to "annihilate Buddhism" in Tibet and claimed the Chinese authorities were conducting "patriotic re-education" campaigns in monasteries in Tibet. [read story]