Essar Energy Planning to Process Heavy Crude From South America

Reuters reported that Essar Energy (LSE:ESSR) planning to process more heavy crude from South America.

As quoted in the market news:

The move to diversify the Vadinar refinery’s crude slate comes as the U.S. and Europe push ahead with oil sanctions on Iran due to a growing dispute over Tehran’s nuclear capability.

Click here to read the full Reuters report.