Essar Oil Ltd.,
India's second largest private refiner, has been conferred with the prestigious
“Refinery of the Year Award” 2011 by the Petroleum Federation (PetroFed),in
recognition of its impressive performance in the Indian refining sector last
year.
The award was
received by Mr. C.Manoharan, Director - Refinery, Essar Oil,from the Honourable
Union Minister for Petroleum and Natural Gas Mr. S.Jaipal Reddy during the annual
Petroleum Federation Oil and Gas industry awards for 2011 event held in New Delhi
recently.
This award
acknowledges production and operational efficiencies in performance in the
refining and petroleum in India during fiscal 2010-11. The company has won a
trophy and a citation for excellence in its refining performance.
"Essar
Oil’s Vadinar refinery today accounts for 10 percent of India’s total refining
capacity. We are humbled by this recognition by PetroFed. It is our endeavor to
create value for customers in the oil and gas sector, through world-class
operating standards and state-of-the-art technology,” said LK Gupta, MD &
CEO, Essar Oil.
The Refinery of
the Year category was one of the nine categories at the PetroFed awards, an
apex hydrocarbon industry association representing companies from India's public
and private companies in oil and gas sector.
Just last week
Essar Oil completed its Refinery Optimisation Projectfour
months ahead of schedule, taking the capacity
of Vadinarrefinery to 20 MMTPA or 405,000 barrels per day,
making it India’s second largest single location refinery.In March, Essar Oil completed the Refinery Expansion Project to
raise its nameplate capacity to 18MMTPA from 10.5 MMTPA, and complexity to
11.8. Essar Oil has invested approx. Rs 24,000 croreat its Vadinar Refinery complex.
About Essar Oil
Essar Oil is a fully integrated oil &
gas company of international scale with strong presence across the hydrocarbon
value chain from exploration & production to refining and oil retail. It
has a global portfolio of onshore and offshore oil & gas blocks, with about
2.1 billion barrels of oil equivalent in reserves & resources. Essar Oil
now has 405,000 bpsd (barrels per stream-day) of crude refining capacity. There
are more than 1,600 Essar-branded oil retail outlets in various parts of India.
About Essar Group
The Essar Group is a multinational
conglomerate and a leading player in the sectors of Steel, Energy,
Infrastructure and Services. With operations in more than 25 countries across
five continents, the Group employs 75,000 people, with revenues of over US$ 27
billion.
Media contacts:
Parikshit
Kaul, Corporate Communications (New Delhi),
Tel: +91 98735 70816, Email: parikshit.kaul@essar.com
Tel: +91 98735 70816, Email: parikshit.kaul@essar.com
Priyank
Talati, Corporate Communications (Ahmedabad),
Tel: +91 91 9979868817, Email: priyank.talati@essar.com
Tel: +91 91 9979868817, Email: priyank.talati@essar.com
Adfactors PR
HiralVora, (Mumbai) : +91 97 699 98892, hiral.vora@adfactorspr.com
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