Essar Oil Limited News and Updates

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14 Oct 2021

Essar submits planning application for hydrogen production plants

Business Standard

Essar Oil (UK) Ltd said it has submitted a planning application seeking approval for the construction of hydrogen production plants at its Stanlow Manufacturing Complex in Ellesmere Port, UK

Essar Oil Limited

28 Sep 2021, 08:40PM

Essar Oil UK agrees phased payment plan with UK tax authorities

Business Standard

Indian conglomerate Essar's UK arm, Essar Oil UK, on Tuesday said it has entered into a new "time to pay" agreement with the UK's tax authorities, aligned with the company's revenues. The company, which runs the Stanlow refinery at Ellesmere Port in Cheshire, north-west England, had hit some UK media headlines for overdue VAT payments, threatening the future of the refinery. Essar had maintained that it was confident of reaching an agreement with the UK's HM Revenue & Customs (HMRC). Essar Oil (UK) Limited (EOUK) confirms it has entered into a new time to pay agreement with HM Revenue & Customs (HMRC). EOUK and HMRC have agreed a phased payment schedule, aligned with EOUK revenues, the company said in a statement. EOUK is therefore confident of closing the last mile financings in the coming months after having successfully raised USD 1.1 billion earlier in the year, it said. The HMRC said it cannot comment on identifiable taxpayers but noted that a time to pay arrangement...

Essar Oil Limited

28 Sep 2021, 07:28PM

Britain strikes tax deal with Essar Oil as fuel panic persists

livemint

With fuel prices, Britain has seen drivers snarled in queues to fill their tanks and dozens of forecourts closed, with fuel prices reaching record levels.

Essar Oil Limited

27 Sep 2021

Essar Oil in talks with UK govt to extend January VAT payment deadline

Business Today

Essar said it is in discussions with HMRC over a "short extension" to make the deferred VAT payments. "Those discussions are positive and EOUK looks forward to a resolution soon," it added

Essar Oil in talks to extend January UK VAT payment deadline

Moneycontrol | 27 Sep 2021 3 more

Essar Oil Limited

24 Sep 2021

Essar Oil strengthens board with experts, experienced hydrocarbon execs

Business Standard

New members include Jonathan R Kelafant of Advanced Resources International, Inc, and Charles Boyer of Schlumberger

Essar Oil strengthens board, enhance governance process

livemint | 24 Sep 2021

Essar Oil Limited

03 Aug 2021

Essar Oil UK appoints Deepak Maheshwari as new CEO

Moneycontrol

Deepak Maheshwari succeeds Stein Ivar Bye who left the company in April this year due to personal reasons, shortly after joining in October 2020, a spokesperson for the company said.

Essar Oil UK appoints Deepak Maheshwari as CEO

Business Today | 02 Aug 2021 2 more

Essar Oil Limited

30 Jul 2021

Essar Oil UK appoints new advisory council to bolster corporate governance

Business Standard

Top-notch lawyers, diplomats and corporate honchos roped in

Essar Oil Limited

22 May 2021

Essar Oil UK out of the woods, arranges $850 million credit

Business Today

The $850 million funding includes bilateral arrangements with many of the refiner's key customers on enhanced payment terms and other long-term financing, linked primarily to crude supply

Essar Oil UK raises $850 mn from diverse sources to retire earlier loans

Business Standard | 21 May 2021 1 more

Essar Oil Limited

23 Apr 2021

Essar Oil UK to raise 400 million to evade financial troubles

Business Today

Essar Oil UK, the owner of Stanlow Refinery, said it has successfully addressed the required financing to replace the previous receivables facility

Essar Oil Limited

14 Apr 2021

Essar refinery in UK in financial trouble

Business Today

The gross refining margins have fallen during the pandemic and are slightly recovering at present; Essar Oil UK said the repeated lockdowns have resulted in all refiners experiencing low demand

Essar Oil UK faces financial woes, top-level exits amid Covid-19

Business Line | 14 Apr 2021

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