Trafigura’s 24.5 percent stake in India’s second largest private oil refiner strengthens the Group’s presence in one of the world’s fastest growing energy markets.
The 2017 acquisition of a 49 percent stake in Nayara Energy (formerly Essar Oil Limited), as part of an investment consortium with UCP Investment Group together with Rosneft, included a 20 million tonne per annum super-refinery, world-class storage and import/export facilities, over 5,000 retail service stations across the country and more than 2,700 outlets at various stages of completion.
Nayara Energy’s refinery is situated at Vadinar on India’s west coast. It is strategically located on shipping routes to major demand centres in the Far East and near Middle East sources of production. The refinery’s fully integrated infrastructure includes pipelines, tankage and its own dedicated power plant, as well as multimodal dispatch via rail, road and sea.