Essar Signs $500 Million IRH Deal to Buy Oil, Sell Stanlow Fuels

Essar Group's energy division has entered into a significant $500 million agreement with International Resources Holding to secure crude oil for its Stanlow refinery in the UK and distribute its fuel products. This deal underscores Essar's commitment to expanding its global oil sourcing and distribution network. The strategic partnership is likely to enhance Essar's operational efficiency and market reach in the competitive energy sector, reflecting the company's broader ambitions in international markets. For more details, check out the full article on Bloomberg.