Essar Oil Wins Industry Leadership Award in Downstream at 2016 Platts Global Energy Awards
Mumbai/New York 9th December, 2016: Essar Oil Limited is pleased to announce it has been awarded Industry Leadership Award in Downstream at the prestigious 2016 Platts Global Energy Awards. Mr. Lalit Kumar Gupta, managing director and chief executive officer of Essar Oil, along with Shri Sreedhar Rudraraju Chief Planning Officer received the award at a glittering ceremony in New York.
On the occasion Mr. Gupta said, "The award is a result of our sustained efforts and the philosophy of setting new benchmarks for the industry. I would like to thank Platts and the jury for acknowledging our efforts. As we move forward our endeavor will be to lead the industry through the challenging times."
The awards jury applauded Essar Oil for its entrepreneurial spirit, impressive scale and creativity and the excellent growth in retail network making it the largest private sector retailer . The company has impressive potential and a strong growth outlook. "They’re nimble - adapting to the environment and doing so quickly" observed a judge.
Essar Oil owns India’s second largest single site refinery at Vadinar, Gujarat, having a capacity of 20 MMTPA, or 405,000 barrels per day. Vadinar Refinery has a complexity of 11.8, amongst the highest in the world. The refinery is capable of processing some of the toughest crudes and yet produce high quality Euro IV and V grade products. Essar Oil has a network of more than 2,800 retail fuel outlets across India and another more than 2,800 at various stages of implementation.
Essar Oil wins best stall display award at PetroTech 2016
The PETROTECH series of International Oil and Gas Conference and Exhibition is a biennial platform for national and international experts in the oil & gas industry to exchange views and share knowledge, expertise and experiences. The 12th edition of the event, was organized under the guidance of the Ministry of Petroleum and Natural Gas. The mega event was held at Vigyan Bhawan and Pragati Maidan – New Delhi from 4th to 7th December, 2016. Inaugurated by Prime Minister Narendra Modi, in the presence of petroleum minister Dharmendra Pradhan, Finance Minister Arun Jaitley and industry representatives from 60 countries, the event is a melting pot of knowledge, from industry experts, global companies, new-age technology providers and allied partners.
Mr. Ravi Ruia - Vice Chairman of Essar, Mr. Lalit Kumar Gupta – MD & CEO, Essar Oil Limited graced the occasion. Mr. Lalit Gupta also addressed the conference on 'The Growing prominence of Asian Refiners'. Speaking on the topic, he emphasized that “Asian refiners will have to continuously focus on growth in a sustainable manner. They will have to ensure setting up refinery at competitive capex, maximum product yield and integration with petrochemicals in the truest sense of the word”.
At Pragati Maidan, the Essar Oil pavilion was a must visit exhibit for all visitors as it stood out amongst 691 exhibitors from across the globe. The pavilion had an array of technology enabled engagements such as a virtual host, a huge 6ft multi touch screen with videos and information of our business offerings and group operations, a selfie zone and a unique dispenser mock-up called ‘Refuel Point’ which served the guest juices through the nozzle. What’s More, Essar Oil won the well-deserved award for Best Display - Raw Space @ Petrotech 2016. Our heartiest congratulations to team Essar Oil!