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Indian Oil renews supply deal with Essar

State-owned Indian Oil Corp. Ltd., India’s largest refiner and oil products retailer, renewed an agreement for supply of 2 million tonnes/year of diesel, gasoline, kerosine, and jet fuel from privately owned Essar Oil Ltd.

The products will come from Essar’s 300,000 b/d Vadinar refinery, which is being expanded to 375,000 b/d by March 2012 and to 405,000 b/d by September 2012 (OGJ Online, Oct. 24, 2011).

The agreement, covering 2012-15, entitles Essar to buy products from Indian Oil and allows the companies to share distribution facilities.

It’s Essar’s largest fuel supply contract. The company has similar agreements with state-owned refiners Bharat Petroleum Corp. and Hindustan Petroleum Corp.

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