Essar Energy will exit Kenya Refinery by selling its 50% stake to the government of the African nation for $5 million.

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...

Marking its foray into the overseas refining market, Essar Energy Overseas, a group company of the diversified Essar Group, has completed t...

Ruias-owned Essar Oil on Friday announced acquisition of 50 per cent stake in a 4 million tonnes oil refinery in Kenya.

Essar Oil is set to acquire a 50% stake in Kenya Petroleum Refinery (KPRL) in Mombasa.

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.

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 Energy Overseas, an Essar Oil subsidiary, has signed an agreement to acquire 50% stake in Mombasa-based Kenya Petroleum Refineries (K...

The acquisition of the refinery, located in the coastal city of Mombassa, is expected to give Essar Oil a global footprint.

State-owned refiner and marketer Bharat Petroleum Corporation (BPCL) is believed to have joined the race to acquire a majority stake in Ken...