Essar Energy to exit Kenya Petroleum RefineriesEssar Energy will exit Kenya Refinery by selling its 50% stake to the government of the African nation for $5 million.
- Essar to buy Dhabi’s African telecom biz
The Ruia family-owned Essar Group announced that they had clinched a deal with the Dhabi Group to buy a controlling stake in the UAE firm’s...
- Essar buys 50% stake in Kenyan refinery
Marking its foray into the overseas refining market, Essar Energy Overseas, a group company of the diversified Essar Group, has completed t...
- Essar Oil picks 50 pc stake in Kenya-based refinery
Ruias-owned Essar Oil on Friday announced acquisition of 50 per cent stake in a 4 million tonnes oil refinery in Kenya.
- Essar Oil to buy 50% stake in Kenyan refinery
Essar Oil is set to acquire a 50% stake in Kenya Petroleum Refinery (KPRL) in Mombasa.
- Essar still in race for Kenya Petrol
Essar had earlier agreed to buy 50% in the Kenyan oil firm, but a co-operation pact between Kenya and Libya came in the way.
- Essar may end with just 25% in Kenya Petro
Under the agreement signed between Esmark and Essar, the former will pay a ‘break up’ fee of $20.5 million in case the transaction does not...
- Essar Oil picks 50% in Kenya Petroleum
Essar Energy Overseas, an Essar Oil subsidiary, has signed an agreement to acquire 50% stake in Mombasa-based Kenya Petroleum Refineries (K...
- Essar Oil edges out RIL, BPCL in race for Kenyan refinery
The acquisition of the refinery, located in the coastal city of Mombassa, is expected to give Essar Oil a global footprint.
- BPCL joins the race for Kenya’s oldest refinery
State-owned refiner and marketer Bharat Petroleum Corporation (BPCL) is believed to have joined the race to acquire a majority stake in Ken...