What is the value and primary purpose of Essar's new deal with International Resources Holding?

The deal is worth $500 million and enables Essar Energy Transition Fuels to source crude oil for its Stanlow refinery in the UK and market refined products such as gasoline and diesel, thereby diversifying crude purchases and strengthening feedstock security amid volatile global energy markets while optimizing working capital.

How does the deal support Essar’s operational resilience at the Stanlow refinery?

The arrangement with Abu Dhabi-based International Resources Holding strengthens feedstock security for the Stanlow refinery in an increasingly volatile global energy market and helps Essar optimize working capital, as stated in the company’s official statement.

Essar Signs $500 Million IRH Deal to Buy Oil, Sell Stanlow Fuels

Jun 16, 2026

Essar Group signed a $500 million deal with International Resources Holding to secure crude supplies for its Stanlow refinery and optimize fuel product marketing. The agreement aims to enhance feedstock security amid volatile oil prices and geopolitical tensions affecting global energy trade.

bloomberg

2026-06-16

Essar Signs $500 Million IRH Deal to Buy Oil, Sell Stanlow Fuels

Essar Signs $500 Million IRH Deal to Buy Oil, Sell Stanlow Fuels

FAQ