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Essar to sell UK’s second-biggest refinery

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Screen Shot 2013-12-22 at 19.09.52Extract from a Financial Times article James Crabtree in Mumbai published 12 June 2014

India’s Essar Group plans to sell the British oil refinery it bought from Royal Dutch Shell for $350m in 2011, as the struggling conglomerate attempts to reduce debts and refocus on its core Indian business. “The truth is they should never have bought Stanlow, but Shell sold it on the cheap…”

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