Essar buying UK logistics assets from BP

Essar Oil UK Group will acquire logistics assets from BP serving the 200,000-b/d Stanlow refinery near Ellesmere Port, UK, which it bought from Royal Dutch Shell in July 2011. Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual joint venture with Shell that runs the Kingsbury Terminal, and a 100% interest in the Northampton Terminal.


Source: News