Fact Sheet

 

Name Essar Oil Limited
Corporate Identification Number L11100GJ1989PLC032116
Registered Office Khambhalia Post, Post Box No. 24, Dist. Devbhumi Dwarka – 361305 Gujarat
Corporate Office Equinox Business Park, 4th Floor, Tower-2, Off Bandra Kurla Complex, L.B.S. Marg, Kurla (W), Mumbai – 400070
Date of Incorporation September 12, 1989
Date of Commencement of Business January 2, 1990
Constitution Public Limited Company

The Company earns revenue from three different business segments viz. Refinery, Marketing and Exploration and Production as outlined in subsequent section.

Vadinar Refinery

ParticularsDetails
Capacity

20 MTPA (2nd largest single location refinery in India)

405,000 bpd

Complexity 11.8
Location

Vadinar, Gujarat, a natural all-weather, deep-draft port that can accommodate very large crude carriers (VLCCs). The Vadinar port area receives almost 70 per cent of India's crude oil imports.

Location on the west coast of India provides efficient access to indigenous crudes and Persian Gulf-based crudes plus high-growth refined product export markets.

Capex USD 5.31 billion Capex per bbl.: USD 13,152
Operating Cost USD 2.8 per bbl.
Raw Materials Capability to process ~85% of heavy/ ultra-heavy crudes & produce Euro IV/V grades of products
Product Slate

LPG, Naphtha, Light Diesel Oil, ATF, Kerosene, Gasoline, Gasoil, VGO.

85% production comprises of high margin light and middle distillates.

GRMs USD 7.96/bbl. (For FY13)

 

Refinery Configuration

The following table provides details about various units in the refinery, their capacity and licensors

      (MTPA)
Sr. No.UnitUnit CapacityLicensor
1 Crude Distillation Unit (CDU) 18.0 Open Art
2 Modified CDU (erstwhile Visbreaker (VBU)) 2.0 -
3 Fluidized Catalytic Cracking Unit (FCCU) 3.9 Shaw
4 Naphtha Hydrotreater (NHT) 1.8 Axens
5 Continuous Catalytic Reformer (CCR) 1.1 Axens
6 Diesel Hydro Desulphurizer (DHDS) 5.3 Axens
7 Vacuum Gasoil Hydrotreater (VGO HDT) 6.5 UOP
8 Delayed Coker Unit (DCU) 7.5 ABB Lummus
9 Diesel Hydrotreater (DHDT) 4.0 UOP
10 Isomerization Unit (ISOM) 0.7 UOP
11 Sulphur Recovery Unit (SRU) – TPD 1,115 Jacobs/Stork
12 Amine Regeneration Unit (ARU) 11.3 UOP
13 Sour Water Stripper (SWS) 3.5 UOP
14 Hydrogen Manufacturing Unit (HMU) - KNM3/hr 140.0 Haldor Topsoe

Product Slate

The below table provides the product slate of the company for FY13. 

Product Slate (%) 

LPG

4.3%

NAPTHA

4.3%

MS/REFORMATE

15.5%

LIGHT DISTILLATE

24.1%

ATF

0.1%

SKO

3.0%

HSD

47.4%

VGO

9.0%

MIDDLE DISTILLATE

59.5%

FURNANCE OIL

5.5%

BITUMEN

1.0%

SULPHUR

1.1%

Petcoke

8.9%

HEAVY DISTILLATE

16.5%

TOTAL PRODUCTS

100.0%

Marketing: (Across India)

Essar Oil serves retail customers through a modern, countrywide network of over 3700+ operational retail outlets with about 2800+ outlets in various stages of construction. We were the first private Indian company to enter petro retailing, looking beyond urban markets and reaching out to consumers in India's heartland.

Tie-ups with other oil marketing companies gives EOL access to the products and the right to use their terminals and facilities for placing and marketing our products. This gives the company pan-India presence with more than 30 supply locations.

The company offers a wide range of products to bulk customers in the industrial and transport sectors. EOL has product offtake and infrastructure sharing agreements with all the oil PSUs, namely Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation (IOCL). We have received approvals to supply Aviation Turbine Fuel (ATF) to the Indian Armed Forces.

The table below provides the share of the domestic as well as export sales quantity  of the company for FY13

Sales* FY13
PSUs 53%
Retail Outlets 1%
Other Bulk Sales 13%
Total Domestic Sales 67%
Total Exports Sales 33%
Total Sales 100%

* Sales quantity includes domestic as well as traded sales volumes

Milestones

2002

Essar Oil Limited is awarded its first CBM block, the RG (East)–CBM–2001/1 block in the Raniganj region of India.

2003 Essar Oil Limited commences building its network of franchised retail petrol stations.
2005

Construction of the Vadinar refinery recommences.

2006 The Vadinar refinery commences operations on a trial basis.

Essar Oil Limited implements plans to debottleneck Vadinar refinery to expand its annual capacity from 10.5 mmtpa to 16 mmtpa.

2008 The Vadinar refinery commences commercial operations.
2009 Essar Oil Limited is provisionally awarded exploration and production rights in the Rajmahal CBM block RM (E)-CB-2008/IV.
2010 Essar Oil declared winner of four CBM blocks as per announcement by CCEA namely RM(E)-CBM-2008/IV, SP(NE)-CBM-2008/IV, TL-CBM-2008/IV and IB-CBM-2008/IV.
2011 Essar Oil completes 35-day planned project as part of its expansion and optimization project
2012 Essar Oil Completes Expansion and Optimisation Projects; Capacity Increased To 20MMTPA

Commissioned 510 MW coal fired captive power plant, the first refinery in Asia to do. This boosts margins by ~$1/bbl.

2013 EOL exits CDR loan facility in March 2013.

Improvement in credit rating by two notches from BBB- to BBB+

For more information about our company please visit our website www.essaroil.co.in

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