New Essar Oil Owners Focus On Assets Growth

New Essar Oil Owners Focus On Assets Growth

The Essar group on Monday announced completing the sale of Essar Oil to a Rosneft-led consortium for $12.9 billion. With the consortium taking over $5 billion as debt and working capital, banks can expect better debt servicing and repayment from Essar Oil.

Adani Ports Refines Strategy As Coal Imports Dip

Adani Ports Refines Strategy As Coal Imports Dip

Adani Ports and Special Economic Zone (APSEZ), part of the $12 billion Adani Group and the leading private ports operator in the country that handles about 15 per cent of India’s export-import cargo is working on diversifying its cargo mix to reduce dependence on individual commodities.

Petronas Scouts For LNG Opportunities In India

Petronas Scouts For LNG Opportunities In India

Malaysia’s national oil company Petronas plans to look for equity partnerships in the liquified natural gas (LNG) infrastructure segment in India. To expand its presence in the country, the company is also looking to secure long term LNG supply contracts.

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