Killajoules

Essar Energy to exit Kenya Petroleum Refineries Ltd
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that it intends to exit from its 50% owned joint venture business Kenya Petroleum Refineries Ltd (KPRL), which operates the oil refinery in Mombasa, Kenya.

Essar Energy, through its subsidiary Essar Energy Overseas Limited, has exercised a put option under the shareholders’ agreement to sell its stake in KPRL to the Government of Kenya, which owns the remaining 50% interest in the Mombasa refinery.

This decision by Essar Energy follows an extensive series of studies by international consultants into the technical, economic and funding elements of an upgrade of the Mombasa refinery. Following these studies, Essar Energy believes that the upgrade is not economically viable in the current refining environment.

Essar Energy will continue to work closely with the Government of Kenya to ensure a smooth
transition of ownership.

Essar Energy acquired its 50% stake in KPRL in July 2009 for a total consideration of US$7 million from BP, Chevron and Royal Dutch Shell. Under the terms of the shareholders’ agreement established with the Government of Kenya at the time of the acquisition, Essar Energy has the right, under certain conditions, to exercise a put option under which the Government of Kenya would buy Essar Energy’s 50% share of KPRL for US$5 million.

Essar Energy agrees new oil and product inventory arrangements for Stanlow refinery
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that its subsidiary Essar Oil UK has entered into new arrangements with Barclays Bank plc covering the supply of crude oil to its Stanlow refinery in the UK.

Eni signs agreement for the acquisition of a new exploration block offshore Vietnam
Eni has signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, located offshore in Vietnam's Song Hong Basin.

Essar Oil Completes Vadinar Optimisation Project; Capacity Increased To 20MMTPA
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that its subsidiary Essar Oil Ltd, India’s second largest private refiner, had completed its Optimisation Project, which has taken the capacity of its Vadinar Refinery in Gujarat to 20 MMTPA, or 405,000 barrels per day. The Optimisation Project has been completed four months ahead of schedule.

Essar Energy completes Vadinar refinery expansion
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that Essar Oil Ltd has completed the $1.81 billion expansion of its Vadinar refinery in India with the successful commissioning of the Delayed Coker Unit (DCU), the final unit to be completed.

Essar Energy commissions diesel hydrotreater unit at Vadinar refinery
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that Essar Oil Ltd has successfully commissioned the Diesel Hydrotreater Unit 1 (DHDT-1) as part of the Phase I expansion at its Vadinar Refinery in India.

Essar Energy commissions Amine Regeneration Unit (ARU) at Vadinar Refinery
Essar Energy plc [LSE: ESSR], the India-focused integrated energy company, today announced that Essar Oil Ltd has successfully commissioned the Amine Regeneration Unit (ARU), which is a part of the Phase I expansion at its Vadinar Refinery.

Essar Oil announces commissioning of Isomerization Unit, the first expansion unit which is ready for commercial production at th
Essar Oil Ltd, a subsidiary of Essar Energy, today announced the successful commissioning of a new Isomerization (ISOM) Unit at its Vadinar Refinery.

Essar Energy completes acquisition of Stanlow oil refinery
Essar Energy plc [LSE:ESSR] today announced that it has completed the $350 million acquisition of the oil refinery and other associated assets at Stanlow, near Ellesmere Port, Cheshire, from Shell UK Limited.

Shell sells UK Stanlow refinery to Essar Oil (UK) Limited
Shell today announced it has signed a sales and purchase agreement for its 270,000 barrel-per-day Stanlow Refinery in the United Kingdom and certain associated local marketing businesses with Essar Oil (UK) Limited (Essar) for a total expected consideration of some $1.3 billion. Today’s announcement follows a formal offer Essar made for Stanlow in mid-February.