Essar Oil Raises Vadinar Refinery Capacity by 11%

Fox Business reported that Essar Oil Ltd. (LSE:ESSR) has raised the capacity of Vadinar refinery by 11% to 400,000 barrels a day.

As quoted in the market news:

The Mumbai-based company said the expanded capacity will allow it process heavier crude, which will help it improve refining margins. Essar Oil said the share of heavy and ultra-heavy crude in the total crude it processes will go up to 80%.

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