Essar Energy Transition has renewed $300 million crude facility between Essar Energy Transition Fuels and Petraco Oil Company SA demonstrating market position.
Essar Energy Transition Fuels, owner and operator of the Stanlow Refinery UK, is delivering strong commercial performance, following fresh investments. It is also investing in low-carbon energy solutions and the decarbonisation of its industrial assets.
The company has renewed a three-year, $300 million strategic crude and product facility. The transaction represents an important next step as Essar Energy Transition Fuel’s strengthens strategic relationships with leading industry players such as Petraco Oil Company SA. Petraco has been a valuable business partner for Essar over the years.
The facility enables Essar Energy Transition Fuels to diversify the crude sourcing and marketing options for its products. It further strengthens feedstock security in an increasingly volatile global energy market, enhancing Essar Energy Transition Fuel’s ability to respond to changing market conditions and capture value across its refining and trading activities. This facility also provides stability and strength to its capital structure.
Satish Vasooja, Chief Financial Officer at Essar Energy Transition Fuels said The important transaction demonstrates the strength of strategic relationship and will ensure that the company can build on its strong commercial performance.
Alberto Salsiccia, Chief Financial Officer at Petraco Oil Company SA said the company has concluded the trading facility for next 3 years with Essar, a UK national energy player. This demonstrates Petraco’s varied ability to collaborate with business partners and drive mutual benefits, he said.
Published on July 6, 2026
