Essar Oil Current Affairs - 2020

Rosneft-led consortium buys India’s Essar Oil for $13 billion

Russian consortium led energy giant Rosneft Oil Company has agreed to acquire India’s second biggest private oil firm Essar Oil in an all-cash deal valued at about US $13 billion. The consortium includes Rosneft Oil Company, Netherlands-based commodities trader Trafigura and private investment group United Capital Partners. The business transaction was announced in the presence Read More…

US becomes world’s largest oil producer, surpasses Saudi Arabia: BP Report

As per recently released report by British Petroleum (BP) Energy Company, United States (US) became the world’s largest oil producer in 2014 surpassing Saudi Arabia. It was reveled in BP Energy Company report tilled Statistical Review of World Energy. Key facts from Report Oil production: US had produced 11.6 million barrels of oil per day Read More…

IOC ranked No.1 on India’s Fortune 500 list

According to the latest annual list of Fortune 500 companies in India published by business magazine Fortune, state-run Indian Oil Corp (IOC) is country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place. Indian Oil Corp (IOC) was the biggest with annual revenue of Rs Read More…