| Future Plans |
A fully integrated oil company, present on every rung of the value ladder. A company poised to become a low-cost refiner, leading the Indian market with superior value to customers. That, in a nutshell, is Essar Oil's future plan. From drilling, to exploration and production and on to refining and marketing, Essar Oil will soon be present throughout the value chain for petroleum products.
Independent international consultants have confirmed that Essar Oil's investments and strategies have created hundreds of millions of dollars worth of value. Essar Oil will increase value to stakeholders considerably as it begins to unlock this value.
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| Refinery |
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Expect its 10.5 mmtpa refinery at Vadinar to be commissioned by third quarter of the year 2004. |
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Looking ahead, it has created infrastructure to increase its refining capacity to 27 mmtpa at a third of the cost and in half the time of a Greenfield project. |
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It has permission to import crude oil freely. This will offer significant cost savings, especially since it is the closest refinery to the Middle East, the main supply source for crude oil. |
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Valuable stakes in both the Vadinar-Kandla pipeline and the Central India product pipelines. Additionally, it also has a stake in the pipeline holding company-Petronet India Ltd. |
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| Marketing |
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EOL is preparing to market the products of its refinery. |
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A key value driver is the fact that it is one of the privileged few private players who will be allowed to market petroleum products effective April 2002. |
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As a new, private sector marketer, it plans to build a network of filling stations across the country. It will maximize these locations by turning them into complete retail outlets. |
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CORPORATE