India’s Nayara Energy, formerly Essar Oil Limited, plans to expand the network of service stations in India from 4,500 now to 7,000, a representative of Russian state-owned oil company Rosneft told the Russian news agency TASS. Rosneft owns a 49.13% stake in Nayara Energy. After the rebranding of the parent company, the retail network will […]

India’s Essar Oil Limited officially became Nayara Energy Ltd. on Sunday, launching a new logo inspired by the virtues of fluidity, optimism and connectivity. In October 2016, Russia’s state-owned oil company Rosneft bought a 49% stake in Essar oil, along with Russian investment fund United Capital Partners, in a deal worth USD 13 billion, as part of its ambitious […]