Essar Oil UK to see rise in margins following refinery upgradation

NEW DELHI: Essar Oil (UK), which owns and operates Britain's Stanlow Refinery, will touch double-digit margins this fiscal after it completed a $250 million investment in upgradation of the refinery, its chief executive S Thangapandian said. The company has completed efficiency enhancement programme, the Project Tiger Cub, following which Stanlow's annual crude oil processing is projected to go up to 72 m barrels per day.