Essar to upgrade Stanlow refinery

Essar Oil Ltd. announced that it will be spending £300 million (US$487.5 million) to upgrade its newly purchased Stanlow refinery in the U.K. This upgrade will allow the refinery to process ultra heavy crude oil, while the expansion of the shipping terminal will allow the company to increase imports of diesel fuel and gasoline from its refinery in India. The Stanlow refinery was recently purchased from Royal Dutch Shell. (April 11,2011)