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AN UPLIFT in the fortunes of an Ellesmere Port company has been welcomed by the town’s MP. Justin Madders has highlighted the long-standing importance of the Stanlow Refinery to the North West region and to the national economy. As well as the many jobs available at the plant, and with multi-million ‘green’ plans for the future, Mr Madders says it is crucial for the nation to be able to produce its own fuel supplies. Managers of Essar Oil UK Ltd, owner of the former Shell oil refinery since 2011, said after a difficult 12 months the company can look forward to the future with optimism. The refinery continues to operate as normal, with uninterrupted supply of products to meet customer needs.
Petroleras británicas podrían alcanzar meta de cero CO2 antes que paridad de género gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.
Essar Oil UK to raise 400 million to evade financial troubles
Essar Oil UK, the owner of Stanlow Refinery, said it has successfully addressed the required financing to replace the previous receivables facility
Nevin John | April 23, 2021 | Updated 22:19 IST
Essar Oil UK operates the Stanlow Refinery located on the south side of the Mersey Estuary near Liverpool
Essar Oil UK, controlled by the Ruias, is in advanced negotiations with Apollo Global Management and three other banks to raise GBP 400 million to repay the credit raised against receivables from Lloyds Bank. The British lender had ceased acting as Essar s main banker after the company ran into financial troubles due to pandemic-led disruptions.
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