Essar Oil UK Group will acquire logistics assets from BP serving the 200,000-b/d Stanlow refinery near Ellesmere Port, UK, which it bought from Royal Dutch Shell in July 2011.
Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual joint venture with Shell that runs the Kingsbury Terminal, and a 100% interest in the Northampton Terminal. It didn’t disclose terms but said the purchase boosts its total UK investment to $1 billion.
The company operates 67 branded UK retail sites in England and Wales and plans to expand to 400 sites during the next 5 years.
It completed a $250-million upgrade and expansion of the refinery last year (OGJ Online, July 6, 2018).