Incorporated in 1989, Essar Oil Limited is a fully integrated oil company of international scale with strong presence across the hydrocarbon value chain from refining to oil retail. In August 2017, the company was acquired by international investors Rosneft (a leader of Russia’s petroleum industry and the world’s largest public oil and gas company by liquid hydrocarbon production and reserves) and an investment consortium comprised of global commodity trading firm Trafigura and UCP Investment Group.
Essar Oil owns India’s second largest single site refinery at Vadinar, Gujarat with a current capacity of 20MMTPA. It is one of the world’s most modern and complex refineries with a complexity of 11.8, which is amongst the highest globally. The refinery is capable of processing some of the toughest crudes and yet produce high quality Euro IV and V grade products. Essar Oil has become the fastest growing retail business chain in India with the largest private sector fuel retail network. The company has over 3,800 operational outlets spread across India and more than 2,000 outlets at various stages of completion.