Essar Oil UK has entered the UK fuel retail business following the successful turnaround of the Stanlow refinery, which it acquired from Shell almost half a decade ago.
The company has acquired seven outlets from major players such as Gulf Oil, Total and Jet, thereby becoming the Indian oil company to foray into the European fuel retail sector, reported PTI.
Go deeper with GlobalData
The firm is aims to establish four hundred outlets in three years, as well as gain a share of 10% in the UK fuel retail sector using the ‘Made in UK’ campaign.
Essar intends to offer easy contracts and better supply and financial terms to fuel dealers.
The company’s move into the fuel retail segment is part of its strategy to accrue $100m for its refinery operations.
In 2011, Essar bought the Stanlow refinery from Shell, an Anglo-Dutch firm.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe unit is now a major refinery in the UK, with a 16% share in the transport fuels segment.
