Essar Energy profit falls 19%
Essar Energy said Thursday that its first-half net profit fell 19% to $91.1 million from $112.8 million as the group also appointed a new finance director.
Shell last week confirmed that it has received an offer from Essar Energy to buy its 272000 barrel-per-day Stanlow refinery and associated local marketing businesses in the UK for a total expected consideration of some $1.3 billion.