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2018-03-11 11:05:00

ESSAR UP BY 20%

ESSAR БОЛЬШЕ НА 20%

ROSNEFT - Essar Oil Limited (EOL) owned by the Consortium of International Investors led by Rosneft, since March 2017 to date has expanded the retail network Essar-branded fuel stations by 20% reaching 4,200.

Over the past three years, EOL has made good progress in increasing its share on the growing Indian market. As far back as in March 2015, there were around 1,500 Essar branded fuel stations in the country. Over three years the number of fuel stations has grown up more than 2.8 times.

This sales channel will further improve the asset's operational and financial performance thanks to the steadily growing local demand for high added value oil products and EOL's retail development strategy.

The Company intention is to maintain the growth rate in India's retail business. EOL's plans for the next few years allow for the possibility of expanding India's fuel station network to 6,000.

According to the International Energy Agency, by 2040 India's automotive sector will be consuming 132 mmtoe of oil products annually (a growth of 306.8%).

At the moment, the vast majority of EOL's retail network operate under the DODO scheme (dealer owned-dealer operated).

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Earlier:

 РОСНЕФТЬ КУПИЛА ESSAR
2017, August, 24, 14:10:00

ROSNEFT BOUGHT ESSAR

Rosneft Successfully Closes Strategic Deal for the Acquisition of 49% of Essar Oil Limited

 ROSNEFT - ESSAR DEAL: $12.9 BLN
2017, June, 24, 09:35:00

ROSNEFT - ESSAR DEAL: $12.9 BLN

Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft, two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years.

 

 ROSNEFT - ESSAR DEAL
2017, May, 11, 18:04:00

ROSNEFT - ESSAR DEAL

Russian state oil firm Rosneft is struggling to close its $12.9 billion acquisition of India's Essar Oil Ltd because six of Essar's Indian creditors have yet to approve the deal, sources close to the talks said.

 

 ROSNEFT WILL BUY INDIA
2016, October, 14, 18:45:00

ROSNEFT WILL BUY INDIA

Rosneft will get 49% and the two investors -- Trafigura and UCP -- will hold the remaining 49% in equal parts, the sources said, adding that the valuation included about $4.5 B in assumed debt.

 

 РОСНЕФТЬ ПРОДАЛА $ 2 МЛРД.
2016, October, 6, 18:45:00

ROSNEFT SOLD $2 BLN

The closed transaction is a symbolic one for the companies and marks the transition to a new level of cooperation in the Russian-Indian relations in the energy area. Indian companies obtain substantial interest in one of the biggest large-scale projects of Rosneft of the last decade, whereas Rosneft retains 61.1% shares in the project.

 INDIAN - RUSSIAN ADVANTAGES
2016, June, 10, 14:25:00

INDIAN - RUSSIAN ADVANTAGES

ONGC Videsh Ltd. signed a $1.16 billion nine-month bridge loan on May 19 to fund the purchase of a 15 percent stake in Vankor field in Siberia from Russia’s Rosneft OAO, data compiled by Bloomberg show. Indian Oil Corp. plans a $1.2 billion fundraising for Russian investments in three or four months, including short- and long-term loans, Finance Director A.K. Sharma said in an interview on Wednesday. The average margin over benchmark rates on non-rupee loans for Indian refiners and explorers was 74 basis points this year, the lowest since 2006, the data show.

 

 РОСНЕФТЬ ПРОДАЛА 15%
2016, June, 3, 19:00:00

ROSNEFT SOLD 15%

The closed transaction is symbolic for both the companies and marks transition to a new level of cooperation in the Russian-Indian relations in sphere of energy. ONGC gets substantial interest and relevant rights in one of the biggest large-scale projects of Rosneft of the last decade, whereas Rosneft retains major shares in the project and will operate on the field through the operator company RN-Vankor.

Tags: ESSAR, ROSNEFT, РОСНЕФТЬ

Chronicle:

ESSAR БОЛЬШЕ НА 20%
2018, June, 18, 14:00:00

U.S. IS BETTER

IMF - Within the next few years, the U.S. economy is expected to enter its longest expansion in recorded history. The Tax Cuts and Jobs Act and the approved increase in spending are providing a significant boost to the economy. We forecast growth of close to 3 percent this year but falling from that level over the medium-term. In my discussions with Secretary Mnuchin he was clear that he regards our medium-term outlook as too pessimistic. Frankly, I hope he is right. That would be good for both the U.S. and the world economy.

ESSAR БОЛЬШЕ НА 20%
2018, June, 18, 13:55:00

U.S. ECONOMY UP

IMF - The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions. These positive outturns have supported, and been reinforced by, a favorable external environment with a broad-based pick up in global activity. Next year, the U.S. economy is expected to mark the longest expansion in its recorded history. The balance of evidence suggests that the U.S. economy is beyond full employment.

ESSAR БОЛЬШЕ НА 20%
2018, June, 18, 13:50:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2017) average.

ESSAR БОЛЬШЕ НА 20%
2018, June, 18, 13:45:00

SOUTH AFRICA: NO BENEFITS

IMF - South Africa’s potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors—agribusiness, mining, manufacturing, and services—have capacity for expansion. Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.

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