Saturday, 28 April 2018

Rosneft-owned Essar Oil to be called Nayara Energy

Rosneft-owned Essar Oil to be called Nayara Energy

28 April 2018, News Wires – Russian oil major Rosneft-owned Essar Oil Ltd. plans to change its corporate identity to Nayara Energy Ltd, the company said today. Rosneft and its partners completed the $12.9-billion acquisition of Essar Oil last August to enter the world’s fastest-growing energy market. “Essar Oil Ltd. (EOL) is seeking approval to change …

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