By RAKESH SHARMA
NEW DELHI -- Essar Oil on Tuesday said it has raised the
capacity of its lone refinery, at Vadinar in the western
Indian state of Gujarat, by 11% to
The Mumbai-based company said the expanded capacity will
allow it process heavier crude, which will help it improve refining margins.
Essar Oil said the share of heavy and ultra-heavy crude in
the total crude it processes will go up to 80%.
The company already has long-term crude-sourcing contracts
with global suppliers, including several companies in Latin
The unit of London-listed Essar Energy said it is targeting
markets like Australia, New Zealand and north-west Europe, in addition to countries in
the Indian subcontinent, to export fuel
Dow Jones Newswires